Gentherm Inc (THRM) Stake Lifted by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lifted its position in Gentherm Inc (NASDAQ:THRM) by 65.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,229 shares of the auto parts company’s stock after purchasing an additional 7,585 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of Gentherm worth $714,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of THRM. Louisiana State Employees Retirement System grew its holdings in shares of Gentherm by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the auto parts company’s stock worth $582,000 after purchasing an additional 100 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Gentherm by 11.5% in the second quarter. Aperio Group LLC now owns 15,108 shares of the auto parts company’s stock worth $586,000 after purchasing an additional 1,557 shares during the last quarter. US Bancorp DE grew its holdings in shares of Gentherm by 783.0% in the second quarter. US Bancorp DE now owns 10,993 shares of the auto parts company’s stock worth $427,000 after purchasing an additional 9,748 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Gentherm by 5.0% in the second quarter. Russell Investments Group Ltd. now owns 321,952 shares of the auto parts company’s stock worth $12,492,000 after purchasing an additional 15,211 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Gentherm by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,640 shares of the auto parts company’s stock worth $335,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

In related news, VP Erin Erwine Ascher sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value of $70,280.00. Following the completion of the sale, the vice president now owns 29,161 shares of the company’s stock, valued at $1,024,717.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Several research analysts have recently issued reports on THRM shares. FBR & Co restated a “buy” rating and issued a $45.00 target price on shares of Gentherm in a report on Thursday, October 26th. ValuEngine cut shares of Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Gentherm from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. B. Riley restated a “buy” rating on shares of Gentherm in a report on Thursday, November 2nd. Finally, TheStreet cut shares of Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.75.

Shares of Gentherm Inc (THRM) opened at $34.05 on Wednesday. Gentherm Inc has a 52 week low of $29.50 and a 52 week high of $40.80. The company has a market capitalization of $1,270.00, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.10 and a beta of 1.94. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The business had revenue of $235.85 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same period in the previous year, the business earned $0.61 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. analysts expect that Gentherm Inc will post 1.62 EPS for the current fiscal year.

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Gentherm Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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