Dimensional Fund Advisors LP Increases Holdings in Gentex Co. (NASDAQ:GNTX)

Dimensional Fund Advisors LP raised its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,495,516 shares of the auto parts company's stock after purchasing an additional 192,375 shares during the period. Dimensional Fund Advisors LP owned 1.98% of Gentex worth $129,156,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GNTX. Midwest Capital Advisors LLC bought a new stake in shares of Gentex during the 4th quarter worth $26,000. TD Private Client Wealth LLC lifted its holdings in shares of Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock worth $33,000 after acquiring an additional 662 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of Gentex during the 4th quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after acquiring an additional 593 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Gentex during the 4th quarter worth $96,000. 86.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on GNTX. The Goldman Sachs Group decreased 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. UBS Group decreased their target price on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird reiterated a "neutral" rating and issued a $25.00 target price (down previously from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. Baird R W cut shares of Gentex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Guggenheim decreased their target price on shares of Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $28.31.

Gentex Stock Performance

Shares of NASDAQ GNTX traded up $0.22 during midday trading on Tuesday, hitting $22.01. 2,145,535 shares of the company traded hands, compared to its average volume of 1,726,673. Gentex Co. has a 12-month low of $20.28 and a 12-month high of $35.33. The stock has a 50-day moving average price of $23.18 and a 200 day moving average price of $26.80. The firm has a market cap of $4.98 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.84 and a beta of 0.84.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $576.77 million for the quarter, compared to analysts' expectations of $578.68 million. Gentex had a net margin of 17.49% and a return on equity of 16.74%. Gentex's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. As a group, equities analysts expect 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, April 23rd. Shareholders 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 2.18%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex's payout ratio is 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.