Motley Fool Wealth Management LLC Sells 11,226 Shares of Gentex Co. (NASDAQ:GNTX)

Motley Fool Wealth Management LLC cut its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 297,676 shares of the auto parts company's stock after selling 11,226 shares during the period. Motley Fool Wealth Management LLC owned about 0.13% of Gentex worth $8,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new stake in shares of Gentex in the fourth quarter valued at about $26,000. TD Private Client Wealth LLC increased its position 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 purchasing 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 approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after purchasing an additional 593 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Gentex during the 3rd quarter worth approximately $125,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Trading Down 2.0 %

NASDAQ GNTX traded down $0.48 on Friday, hitting $23.40. 2,617,593 shares of the company's stock were exchanged, compared to its average volume of 1,599,830. Gentex Co. has a 52 week low of $23.27 and a 52 week high of $36.46. The stock has a 50-day moving average of $25.20 and a 200-day moving average of $28.05. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.84 and a beta of 0.90.

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Gentex (NASDAQ:GNTX - Get Free Report) last released 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 period in the prior year, the firm posted $0.50 earnings per share. As a group, analysts predict that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.05%. Gentex's dividend payout ratio is presently 27.27%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Guggenheim set a $30.00 price objective on shares of Gentex in a report on Wednesday, March 5th. UBS Group cut their price objective on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a report on Monday, February 3rd. Finally, B. Riley reaffirmed a "buy" rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Gentex currently has a consensus rating of "Hold" and a consensus price target of $31.81.

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.