Factorial Partners LLC Trims Stock Position in Gentex Co. (NASDAQ:GNTX)

Factorial Partners LLC reduced its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 57.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,000 shares of the auto parts company's stock after selling 24,800 shares during the quarter. Factorial Partners LLC's holdings in Gentex were worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Midwest Capital Advisors LLC purchased a new stake in Gentex during the fourth quarter worth about $26,000. Synergy Asset Management LLC purchased a new stake in Gentex during the 4th quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 buying an additional 593 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Gentex in the 3rd quarter valued at approximately $125,000. Finally, GAMMA Investing LLC boosted its position in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock valued at $147,000 after buying an additional 3,152 shares during the period. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Stock Performance

Shares of GNTX stock traded down $0.13 during mid-day trading on Monday, hitting $24.19. 1,196,480 shares of the stock were exchanged, compared to its average volume of 1,911,916. Gentex Co. has a 12-month low of $24.07 and a 12-month high of $37.58. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 0.84 and a beta of 0.91. The stock's fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $28.90.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same period last year, the business posted $0.50 EPS. On average, research analysts expect that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 1.98%. Gentex's dividend payout ratio (DPR) is 27.27%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Robert W. Baird set a $31.00 price objective on Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. B. Riley reissued a "buy" rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim reduced their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. Finally, UBS Group decreased their price target 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Gentex has a consensus rating of "Hold" and a consensus target price of $32.31.

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.