Zions Bancorporation N.A. Boosts Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Zions Bancorporation N.A. raised its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 18.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 31,869 shares of the auto parts company’s stock after buying an additional 4,923 shares during the quarter. Zions Bancorporation N.A.’s holdings in Gentherm were worth $1,484,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC increased its stake in Gentherm by 86.1% during the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 242 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in shares of Gentherm in the 2nd quarter worth approximately $92,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Gentherm during the 3rd quarter valued at approximately $208,000. MQS Management LLC purchased a new stake in Gentherm during the 3rd quarter valued at $240,000. Finally, Hsbc Holdings PLC lifted its position in Gentherm by 3.5% in the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock worth $337,000 after buying an additional 229 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on THRM shares. Robert W. Baird reduced their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Craig Hallum decreased their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research note on Monday, October 21st. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $57.00.

Insider Transactions at Gentherm

In related news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.91% of the company’s stock.

Gentherm Price Performance

NASDAQ THRM opened at $43.28 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The company has a market cap of $1.34 billion, a PE ratio of 20.22 and a beta of 1.44. Gentherm Incorporated has a 52-week low of $39.86 and a 52-week high of $62.93. The firm’s 50 day moving average price is $44.33 and its 200-day moving average price is $48.53.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. Sell-side analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

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.