Beutel Goodman & Co Ltd. lowered its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,044,128 shares of the auto parts company's stock after selling 14,099 shares during the quarter. Beutel Goodman & Co Ltd. owned about 2.66% of Gentex worth $173,647,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Gentex by 179.7% during the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company's stock valued at $59,404,000 after purchasing an additional 1,285,519 shares during the last quarter. Bank of New York Mellon Corp grew 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 purchasing an additional 386,461 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Gentex by 5.6% during the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company's stock valued at $159,406,000 after purchasing an additional 285,802 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Gentex in the fourth quarter worth about $24,479,000. Finally, BCGM Wealth Management LLC grew its position in Gentex by 64.2% in the 4th quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company's stock valued at $1,630,000 after buying an additional 22,180 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.
Gentex Stock Performance
Shares of NASDAQ:GNTX traded down $0.10 during midday trading on Monday, reaching $23.30. The company had a trading volume of 2,825,752 shares, compared to its average volume of 1,604,714. The company has a fifty day simple moving average of $25.20 and a two-hundred day simple moving average of $28.05. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Gentex Co. has a 1-year low of $22.88 and a 1-year high of $36.46.
Gentex (NASDAQ:GNTX - Get Free Report) last released 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 return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the previous year, the company earned $0.50 earnings per share. Analysts expect that Gentex Co. will post 2.04 EPS for the current year.
Gentex Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex's payout ratio is presently 27.27%.
Analysts Set New Price Targets
GNTX has been the subject of a number of research analyst reports. Guggenheim set a $30.00 price target on shares of Gentex in a research note on Wednesday, March 5th. Robert W. Baird set a $31.00 price target on Gentex in a research note on Monday, February 3rd. UBS Group lowered their price target on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. B. Riley reaffirmed a "buy" rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Six research 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, the company presently has an average rating of "Hold" and an average target price of $31.81.
Check Out Our Latest Research Report on GNTX
About Gentex
(
Free Report)
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.
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