Gentherm Incorporated (NASDAQ:THRM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 65.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,657 shares of the auto parts company's stock after selling 14,466 shares during the period. BNP Paribas Financial Markets' holdings in Gentherm were worth $306,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after purchasing an additional 463 shares in the last quarter. Quarry LP lifted its stake in Gentherm by 226.8% during the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after purchasing an additional 1,218 shares in the last quarter. KBC Group NV lifted its stake in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares in the last quarter. Headlands Technologies LLC lifted its stake in Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after purchasing an additional 991 shares in the last quarter. Finally, Palouse Capital Management Inc. lifted its stake in Gentherm by 91.6% during the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after purchasing an additional 1,714 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

THRM has been the topic of several analyst reports. Wall Street Zen cut Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird increased their price objective on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, April 25th.

Insider Activity at Gentherm

In other news, CEO William T. Presley acquired 3,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were bought at an average price of $24.67 per share, with a total value of $74,010.00. Following the completion of the acquisition, the chief executive officer now owns 161,103 shares in the company, valued at $3,974,411.01. This trade represents a 1.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Gentherm Stock Down 1.6%

Shares of NASDAQ THRM traded down $0.46 during mid-day trading on Friday, hitting $27.45. The company had a trading volume of 319,729 shares, compared to its average volume of 258,747. The company has a market capitalization of $847.11 million, a PE ratio of 13.26 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.68. The business's 50-day simple moving average is $26.14 and its 200 day simple moving average is $33.63.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $353.85 million for the quarter, compared to analyst estimates of $347.39 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. Gentherm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. On average, analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Gentherm Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.