Zions Bancorporation N.A. Acquires 4,310 Shares of Gentherm Incorporated (NASDAQ:THRM)

Zions Bancorporation N.A. boosted its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,179 shares of the auto parts company’s stock after purchasing an additional 4,310 shares during the period. Zions Bancorporation N.A. owned about 0.12% of Gentherm worth $1,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of THRM. Raymond James Financial Inc. purchased a new position in shares of Gentherm during the fourth quarter valued at approximately $15,400,000. Cerity Partners LLC increased its position in Gentherm by 880.7% during the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after purchasing an additional 169,443 shares during the period. Segall Bryant & Hamill LLC raised its holdings in Gentherm by 42.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock worth $20,962,000 after purchasing an additional 157,544 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock worth $31,261,000 after purchasing an additional 150,310 shares during the period. Finally, FMR LLC boosted its stake in shares of Gentherm by 26.8% during the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock valued at $23,629,000 after purchasing an additional 107,322 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of THRM opened at $31.02 on Wednesday. The firm’s 50-day simple moving average is $34.98 and its two-hundred day simple moving average is $39.92. Gentherm Incorporated has a fifty-two week low of $29.70 and a fifty-two week high of $57.96. The stock has a market cap of $955.07 million, a PE ratio of 14.99 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. Analysts anticipate that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on THRM. StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Robert W. Baird dropped their price target on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th.

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.