Trust Point Inc. Has $903,000 Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Trust Point Inc. raised its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 94.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 31,446 shares of the auto parts company's stock after acquiring an additional 15,313 shares during the period. Trust Point Inc.'s holdings in Gentex were worth $903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EdgePoint Investment Group Inc. grew its holdings in shares of Gentex by 1.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company's stock valued at $228,611,000 after buying an additional 111,500 shares during the period. Geode Capital Management LLC grew its holdings in shares of Gentex by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company's stock valued at $159,406,000 after buying an additional 285,802 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in shares of Gentex by 5.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company's stock valued at $133,424,000 after buying an additional 234,083 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Gentex by 179.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company's stock valued at $59,404,000 after buying an additional 1,285,519 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Gentex by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company's stock valued at $46,163,000 after buying an additional 6,106 shares during the period. Institutional investors own 86.76% of the company's stock.

Analyst Ratings Changes

GNTX has been the subject of a number of research analyst reports. Bank of America reduced their target price on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. reduced their target price 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. UBS Group reduced their target price on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Robert W. Baird upped their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Finally, B. Riley reaffirmed a "buy" rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $33.06.

Gentex Trading Up 0.1 %

Shares of Gentex stock traded up $0.02 during trading hours on Friday, reaching $25.06. 2,714,918 shares of the company's stock were exchanged, compared to its average volume of 1,915,406. The company has a 50 day moving average of $28.39 and a two-hundred day moving average of $29.51. Gentex Co. has a fifty-two week low of $24.57 and a fifty-two week high of $37.58. The stock has a market cap of $5.70 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX - Get Free Report) last issued 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 earned $0.50 earnings per share. As a group, analysts expect that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.92%. Gentex's dividend payout ratio is currently 27.27%.

Gentex 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.