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

Zions Bancorporation N.A. lifted its holdings in Gentherm Incorporated (NASDAQ:THRM) by 13.5% in the 4th quarter, Holdings Channel reports. The firm owned 36,179 shares of the auto parts company’s stock after acquiring an additional 4,310 shares during the period. Zions Bancorporation N.A.’s holdings in Gentherm were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Gentherm by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock worth $146,427,000 after buying an additional 74,758 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Gentherm by 2.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after acquiring an additional 23,051 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in shares of Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after purchasing an additional 150,310 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Gentherm by 42.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock valued at $20,962,000 after purchasing an additional 157,544 shares during the last quarter. Finally, FMR LLC boosted its holdings in Gentherm by 26.8% in the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares during the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Trading Down 0.9 %

Shares of Gentherm stock opened at $31.02 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The stock has a market capitalization of $955.07 million, a PE ratio of 14.99 and a beta of 1.45. Gentherm Incorporated has a 1-year low of $29.70 and a 1-year high of $57.96. The company’s fifty day simple moving average is $34.98 and its 200-day simple moving average is $39.92.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $360.29 million. During the same period in the prior year, the firm posted $0.90 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Analyst Ratings Changes

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

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.