Aigen Investment Management LP Invests $462,000 in Gentex Co. (NASDAQ:GNTX)

Aigen Investment Management LP acquired a new position in Gentex Co. (NASDAQ:GNTX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,069 shares of the auto parts company's stock, valued at approximately $462,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindenwold Advisors INC increased its holdings in Gentex by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company's stock worth $372,000 after purchasing an additional 347 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock worth $221,000 after buying an additional 408 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock valued at $1,891,000 after acquiring an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Gentex by 6.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock valued at $214,000 after acquiring an additional 457 shares during the last quarter. Finally, Intellectus Partners LLC grew its holdings in Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company's stock worth $251,000 after acquiring an additional 484 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. B. Riley reiterated a "buy" rating and issued a $32.50 target price (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a report on Monday, February 3rd. Finally, Guggenheim set a $30.00 price objective on Gentex in a research note on Wednesday, March 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $31.81.

Gentex Stock Performance

Shares of GNTX traded down $1.24 during mid-day trading on Tuesday, reaching $24.78. 3,096,546 shares of the company's stock traded hands, compared to its average volume of 1,509,372. The business's 50-day moving average price is $26.19 and its 200-day moving average price is $28.68. The stock has a market capitalization of $5.63 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Gentex Co. has a 12 month low of $23.63 and a 12 month high of $36.75.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing the consensus estimate 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 company posted $0.50 EPS. Equities research analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. Gentex's dividend payout ratio is presently 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.