Headlands Technologies LLC Acquires New Shares in Gentex Co. (NASDAQ:GNTX)

Headlands Technologies LLC bought a new stake in shares of Gentex Co. (NASDAQ:GNTX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 11,480 shares of the auto parts company's stock, valued at approximately $330,000.

A number of other large investors also recently made changes to their positions in GNTX. Midwest Capital Advisors LLC bought a new stake in Gentex in the fourth quarter valued at approximately $26,000. TD Private Client Wealth LLC increased its position in shares of Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock valued at $33,000 after buying an additional 662 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Gentex during the 4th quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after acquiring an additional 593 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Gentex in the third quarter valued at about $125,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on GNTX shares. B. Riley restated a "buy" rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. UBS Group reduced their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, Guggenheim set a $30.00 price target on Gentex in a research report on Wednesday, March 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Gentex presently has an average rating of "Hold" and an average target price of $31.81.

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Gentex Stock Down 3.4 %

Gentex stock traded down $0.76 during trading hours on Monday, reaching $21.38. 3,864,362 shares of the company's stock were exchanged, compared to its average volume of 1,638,779. Gentex Co. has a twelve month low of $20.87 and a twelve month high of $36.24. The firm's 50 day simple moving average is $24.70 and its 200 day simple moving average is $27.83. The firm has a market capitalization of $4.86 billion, a PE ratio of 12.15, a PEG ratio of 0.84 and a beta of 0.84.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same period in the prior year, the business earned $0.50 earnings per share. Analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Wednesday, April 9th. Gentex's payout ratio is currently 27.27%.

Gentex Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.