Cambiar Investors LLC Has $9.37 Million Stock Position in Gentex Co. (NASDAQ:GNTX)

Cambiar Investors LLC decreased its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 24.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,088 shares of the auto parts company's stock after selling 105,888 shares during the period. Cambiar Investors LLC owned about 0.14% of Gentex worth $9,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in Gentex in the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Gentex by 227.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock valued at $54,000 after purchasing an additional 1,269 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Gentex during the third quarter worth approximately $125,000. GAMMA Investing LLC lifted its holdings in Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock worth $147,000 after purchasing an additional 3,152 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Gentex by 13.3% during the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company's stock worth $168,000 after purchasing an additional 667 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Price Performance

GNTX traded up $0.19 during trading on Friday, hitting $24.55. 707,765 shares of the stock traded hands, compared to its average volume of 1,930,125. The business has a 50 day moving average price of $27.94 and a 200 day moving average price of $29.29. Gentex Co. has a twelve month low of $24.35 and a twelve month high of $37.58. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results 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 period last year, the firm posted $0.50 EPS. On average, equities research analysts predict that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex's payout ratio is 27.27%.

Analysts Set New Price Targets

Several research analysts have weighed in on GNTX shares. Robert W. Baird increased their price objective on Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Guggenheim lowered their price target on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. B. Riley reissued a "buy" rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price 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. Finally, UBS Group cut their price target on Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research note 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $33.06.

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.