Zions Bancorporation National Association UT Invests $1.05 Million in Gentherm Inc (NASDAQ:THRM)

Key Points

• Zions Bancorporation National Association UT has acquired a new stake in Gentherm Inc, purchasing 39,119 shares valued at approximately $1.05 million, representing 0.13% ownership of the company.
• Several institutional investors, including Comerica Bank and US Bancorp DE, have also increased their stakes in Gentherm, showcasing strong institutional interest with 97.13% of the stock currently owned by hedge funds.
• Research analysts have upgraded Gentherm's rating from "hold" to "strong-buy", with a consensus target price of $46.00 and an average rating of "Buy."

Zions Bancorporation National Association UT acquired a new position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 39,119 shares of the auto parts company's stock, valued at approximately $1,046,000. Zions Bancorporation National Association UT owned 0.13% of Gentherm as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC lifted its position in shares of Gentherm by 89.9% in the first quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock worth $1,404,000 after purchasing an additional 24,857 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Gentherm by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock worth $424,000 after buying an additional 1,676 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Gentherm by 11,463.4% in the 1st quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock valued at $1,506,000 after acquiring an additional 55,827 shares in the last quarter. Deutsche Bank AG increased its position in shares of Gentherm by 23.0% in the fourth quarter. Deutsche Bank AG now owns 54,483 shares of the auto parts company's stock valued at $2,176,000 after acquiring an additional 10,192 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Gentherm by 22.0% during the fourth quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock worth $5,624,000 after acquiring an additional 25,432 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Stock Performance

Shares of NASDAQ THRM traded down $0.65 during mid-day trading on Thursday, reaching $35.37. 85,118 shares of the company were exchanged, compared to its average volume of 317,265. The stock has a market capitalization of $1.08 billion, a P/E ratio of 34.74 and a beta of 1.45. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company's 50-day simple moving average is $30.44 and its 200-day simple moving average is $29.92. Gentherm Inc has a twelve month low of $22.75 and a twelve month high of $52.06.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The firm had revenue of $375.09 million for the quarter, compared to analyst estimates of $358.09 million. During the same period in the prior year, the business posted $0.66 EPS. The firm's quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that Gentherm Inc will post 3.1 earnings per share for the current year.

Wall Street Analyst Weigh In

THRM has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, JPMorgan Chase & Co. lifted their price target on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $46.00.

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.