American Century Companies Inc. Has $47.62 Million Stock Position in Gentex Co. (NASDAQ:GNTX)

American Century Companies Inc. boosted its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 66.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,657,397 shares of the auto parts company's stock after acquiring an additional 664,389 shares during the quarter. American Century Companies Inc. owned approximately 0.73% of Gentex worth $47,617,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company's stock valued at $59,404,000 after acquiring an additional 1,285,519 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Gentex during the fourth quarter valued at approximately $24,479,000. Bridgewater Associates LP raised its position in shares of Gentex by 249.1% in the third quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company's stock valued at $18,338,000 after purchasing an additional 440,725 shares during the period. Cidel Asset Management Inc. acquired a new stake in shares of Gentex in the fourth quarter worth $11,815,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Gentex by 16.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company's stock worth $80,079,000 after buying an additional 386,461 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

Gentex Price Performance

Shares of GNTX stock traded down $0.14 during trading hours on Tuesday, hitting $23.16. 167,304 shares of the company's stock were exchanged, compared to its average volume of 2,104,728. Gentex Co. has a 52 week low of $22.87 and a 52 week high of $36.46. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The stock's 50-day moving average is $25.11 and its 200-day moving average is $28.01.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the prior year, the business posted $0.50 EPS. Equities research analysts forecast that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, April 9th. Gentex's dividend payout ratio is 27.27%.

About Gentex

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.