Elo Mutual Pension Insurance Co Invests $356,000 in Gentex Co. (NASDAQ:GNTX)

Elo Mutual Pension Insurance Co bought a new stake in Gentex Co. (NASDAQ:GNTX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,397 shares of the auto parts company's stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNTX. Coldstream Capital Management Inc. grew its stake in shares of Gentex by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock worth $221,000 after acquiring an additional 408 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Gentex by 0.7% during the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock worth $1,891,000 after purchasing an additional 437 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Gentex by 6.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock valued at $214,000 after purchasing an additional 457 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in 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 purchasing an additional 593 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Gentex by 1.6% in the 3rd quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company's stock valued at $1,209,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

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Gentex Price Performance

GNTX traded down $0.22 during trading on Friday, hitting $22.14. The stock had a trading volume of 3,997,500 shares, compared to its average volume of 1,628,241. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.84 and a beta of 0.90. The company has a 50 day moving average price of $24.70 and a 200-day moving average price of $27.85. Gentex Co. has a one year low of $21.56 and a one year high of $36.24.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 in the prior year, the firm posted $0.50 earnings per share. As a group, sell-side analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.17%. Gentex's dividend payout ratio is presently 27.27%.

Wall Street Analyst Weigh In

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

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.