Zions Bancorporation National Association UT Takes $1.05 Million Position 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) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors have also recently bought and sold shares of THRM. FNY Investment Advisers LLC bought a new position in Gentherm in the 1st quarter worth about $26,000. Versant Capital Management Inc purchased a new stake in Gentherm in the first quarter worth about $28,000. Quarry LP grew its position in shares of 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. GAMMA Investing LLC grew its holdings in Gentherm by 332.4% during the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after buying an additional 1,619 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Gentherm by 20.2% in the 1st quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock valued at $90,000 after purchasing an additional 565 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Wall Street Analysts Forecast Growth

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

Gentherm Stock Performance

Shares of THRM stock traded up $1.41 during midday trading on Tuesday, hitting $34.10. The company had a trading volume of 201,508 shares, compared to its average volume of 328,869. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. The company's 50 day simple moving average is $30.26 and its 200 day simple moving average is $29.88. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $52.06. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 33.43 and a beta of 1.45.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $0.66 earnings per share. Gentherm's revenue for the quarter was down .2% on a year-over-year basis. Research analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Gentherm Company 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.