Epoch Investment Partners Inc. raised its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,438,938 shares of the auto parts company's stock after acquiring an additional 611,635 shares during the quarter. Epoch Investment Partners Inc. owned approximately 1.95% of Gentex worth $127,531,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNTX. JPMorgan Chase & Co. boosted its holdings in Gentex by 162.4% in the fourth quarter. JPMorgan Chase & Co. now owns 5,249,230 shares of the auto parts company's stock worth $150,810,000 after purchasing an additional 3,248,434 shares during the period. Norges Bank acquired a new position in Gentex in the fourth quarter valued at approximately $51,959,000. Wellington Management Group LLP raised its position in shares of Gentex by 6.1% during the 4th quarter. Wellington Management Group LLP now owns 18,023,056 shares of the auto parts company's stock worth $517,802,000 after purchasing an additional 1,038,912 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Gentex in the 4th quarter worth approximately $24,479,000. Finally, American Century Companies Inc. grew its stake in Gentex by 66.9% during the 4th quarter. American Century Companies Inc. now owns 1,657,397 shares of the auto parts company's stock worth $47,617,000 after buying an additional 664,389 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on GNTX shares. Robert W. Baird restated a "neutral" rating and set a $25.00 price target (down previously from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. The Goldman Sachs Group lowered their target price on Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. B. Riley reissued a "buy" rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim reduced their price objective on shares of Gentex from $30.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Baird R W lowered shares of Gentex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $28.31.
Check Out Our Latest Stock Report on Gentex
Gentex Stock Down 0.4 %
NASDAQ:GNTX traded down $0.08 on Wednesday, reaching $21.67. The stock had a trading volume of 2,224,417 shares, compared to its average volume of 1,701,923. The company has a market capitalization of $4.90 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. The stock has a fifty day moving average price of $23.40 and a 200-day moving average price of $27.02. Gentex Co. has a 1-year low of $20.28 and a 1-year high of $35.33.
Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (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 period in the prior year, the company posted $0.50 earnings per share. Sell-side analysts predict that Gentex Co. will post 2.04 earnings per share for the current fiscal year.
Gentex Dividend Announcement
The company 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Wednesday, April 9th. Gentex's dividend payout ratio is currently 27.27%.
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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