Sterling Capital Management LLC cut its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 44.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 267,497 shares of the auto parts company's stock after selling 213,623 shares during the period. Sterling Capital Management LLC owned about 0.12% of Gentex worth $7,685,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Coldstream Capital Management Inc. lifted its holdings in shares of Gentex by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock worth $221,000 after purchasing an additional 408 shares during the last quarter. 180 Wealth Advisors LLC raised its position in Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock worth $1,891,000 after acquiring an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Gentex by 6.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock valued at $214,000 after acquiring an additional 457 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock valued at $70,000 after buying an additional 593 shares in the last quarter. Finally, Scotia Capital Inc. increased its stake in Gentex by 0.5% in the 4th quarter. Scotia Capital Inc. now owns 126,325 shares of the auto parts company's stock worth $3,629,000 after purchasing an additional 608 shares in the last quarter. Institutional investors own 86.76% of the company's stock.
Gentex Stock Performance
GNTX traded up $0.47 during mid-day trading on Thursday, reaching $21.54. The stock had a trading volume of 1,192,191 shares, compared to its average volume of 1,687,356. Gentex Co. has a 52 week low of $20.28 and a 52 week high of $35.33. The stock has a market capitalization of $4.87 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.84 and a beta of 0.84. The firm's fifty day simple moving average is $23.65 and its two-hundred day simple moving average is $27.25.
Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 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 company posted $0.50 earnings per share. As a group, analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.
Gentex Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.23%. Gentex's payout ratio is presently 27.27%.
Analyst Ratings Changes
GNTX has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. B. Riley reaffirmed 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. The Goldman Sachs Group dropped their price target on shares of Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Baird R W lowered shares of Gentex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, UBS Group cut their price objective on Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Gentex currently has a consensus rating of "Hold" and an average target price of $29.06.
Get Our Latest Stock Analysis on Gentex
About Gentex
(
Free Report)
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.
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