Gentex Co. (NASDAQ:GNTX) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 67.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,131 shares of the auto parts company's stock after selling 413,526 shares during the period. Bridgewater Associates LP owned about 0.09% of Gentex worth $5,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new stake in shares of Gentex in the fourth quarter valued at about $26,000. TD Private Client Wealth LLC boosted its holdings in shares of Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock valued at $33,000 after acquiring an additional 662 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Gentex in the fourth quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 593 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Gentex in the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Trading Up 0.6 %

Shares of GNTX stock traded up $0.13 during trading hours on Wednesday, hitting $21.88. The company's stock had a trading volume of 519,338 shares, compared to its average volume of 1,695,324. The business has a fifty day moving average of $23.40 and a 200-day moving average of $27.02. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.84 and a beta of 0.84. Gentex Co. has a twelve month low of $20.28 and a twelve month high of $35.33.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS 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 quarter last year, the business earned $0.50 earnings per share. On average, equities analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex's dividend payout ratio is presently 27.27%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Robert W. Baird reissued a "neutral" rating and set a $25.00 price objective (down previously from $31.00) on shares of Gentex in a report on Tuesday, April 15th. UBS Group decreased their price objective on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. B. Riley reissued a "buy" rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim decreased their price objective on shares of Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $28.31.

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.