BNP Paribas Financial Markets Reduces Holdings in Gentherm Incorporated (NASDAQ:THRM)

BNP Paribas Financial Markets reduced its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,657 shares of the auto parts company's stock after selling 14,466 shares during the quarter. BNP Paribas Financial Markets' holdings in Gentherm were worth $306,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after acquiring an additional 463 shares in the last quarter. Quarry LP boosted its stake in shares of Gentherm by 226.8% during the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after acquiring an additional 1,218 shares in the last quarter. KBC Group NV boosted its stake in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after acquiring an additional 822 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Gentherm by 117.1% during the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after acquiring an additional 991 shares in the last quarter. Finally, Palouse Capital Management Inc. boosted its stake in shares of Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after acquiring an additional 1,714 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO William T. Presley acquired 3,000 shares of the business's stock in a transaction on Friday, April 25th. The stock was bought at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the acquisition, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Gentherm Price Performance

Shares of THRM traded down $0.46 during mid-day trading on Friday, hitting $27.45. 319,729 shares of the company were exchanged, compared to its average volume of 258,757. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The company has a 50 day moving average of $26.21 and a 200-day moving average of $33.88. The stock has a market cap of $847.11 million, a price-to-earnings ratio of 13.26 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on THRM. Wall Street Zen downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Robert W. Baird upped their price target on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th.

About Gentherm

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.