Fuller & Thaler Asset Management Inc. Has $16.86 Million Stock Position in Gentex Co. (NASDAQ:GNTX)

Fuller & Thaler Asset Management Inc. increased its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 586,682 shares of the auto parts company's stock after buying an additional 50,931 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.26% of Gentex worth $16,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its position in Gentex by 54.4% during the third quarter. Barclays PLC now owns 107,930 shares of the auto parts company's stock worth $3,205,000 after acquiring an additional 38,027 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Gentex in the third quarter valued at about $326,000. Sanctuary Advisors LLC acquired a new stake in Gentex in the 3rd quarter worth about $373,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex in the third quarter valued at approximately $125,000. Finally, Tidal Investments LLC increased its holdings in Gentex by 1.2% in the 3rd quarter. Tidal Investments LLC now owns 59,958 shares of the auto parts company's stock valued at $1,780,000 after buying an additional 736 shares during the period. 86.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on GNTX. Baird R W cut Gentex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. The Goldman Sachs Group cut their target price on shares of Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Guggenheim lowered their price target on shares of Gentex from $30.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. B. Riley restated a "buy" rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $28.31.

Gentex Stock Up 2.0 %

Gentex stock traded up $0.43 during mid-day trading on Monday, hitting $21.79. 3,442,669 shares of the stock were exchanged, compared to its average volume of 1,724,998. The firm's fifty day simple moving average is $23.23 and its two-hundred day simple moving average is $26.85. Gentex Co. has a 12 month low of $20.28 and a 12 month high of $35.33. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.84 and a beta of 0.84.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The firm had revenue of $576.77 million during the quarter, compared to analyst estimates of $578.68 million. During the same period last year, the company posted $0.47 EPS. The business's quarterly revenue was down 2.3% on a year-over-year basis. As a group, analysts forecast that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex's dividend payout ratio (DPR) is currently 28.07%.

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.