Brandywine Global Investment Management LLC Sells 10,860 Shares of Gentex Co. (NASDAQ:GNTX)

Brandywine Global Investment Management LLC cut its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,323 shares of the auto parts company's stock after selling 10,860 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.06% of Gentex worth $3,773,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Gentex in the fourth quarter valued at about $26,000. TD Private Client Wealth LLC boosted its stake in Gentex by 138.8% during 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 purchasing an additional 662 shares during the period. Synergy Asset Management LLC acquired a new stake in Gentex in the 4th quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after buying an additional 593 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Gentex during the third quarter worth approximately $125,000. Institutional investors own 86.76% of the company's stock.

Wall Street Analysts Forecast Growth

GNTX has been the topic of a number of research reports. Guggenheim set a $30.00 target price on shares of Gentex in a research report on Wednesday, March 5th. 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. B. Riley reaffirmed a "buy" rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. UBS Group reduced their target price on Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 price target on shares of Gentex in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.81.

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Gentex Price Performance

Shares of GNTX traded down $0.22 during trading hours on Friday, hitting $22.14. The stock had a trading volume of 3,997,500 shares, compared to its average volume of 1,629,877. Gentex Co. has a 52 week low of $21.56 and a 52 week high of $36.24. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.84 and a beta of 0.84. The company's fifty day moving average is $24.70 and its two-hundred day moving average is $27.83.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings data 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 last year, the business posted $0.50 EPS. Equities analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, April 9th. Gentex's dividend payout ratio is currently 27.27%.

Gentex Company 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.