Thematics Asset Management Lowers Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Thematics Asset Management trimmed its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,000 shares of the auto parts company's stock after selling 59,000 shares during the period. Thematics Asset Management owned 0.20% of Gentex worth $12,957,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. 180 Wealth Advisors LLC raised its stake in Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock valued at $1,891,000 after acquiring an additional 437 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Gentex by 6.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock worth $214,000 after purchasing an additional 457 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 593 shares in the last quarter. Scotia Capital Inc. lifted its position in Gentex by 0.5% during the fourth quarter. Scotia Capital Inc. now owns 126,325 shares of the auto parts company's stock valued at $3,629,000 after purchasing an additional 608 shares during the last quarter. Finally, Smith Moore & CO. increased its stake in Gentex by 3.5% in the fourth quarter. Smith Moore & CO. now owns 18,666 shares of the auto parts company's stock valued at $536,000 after acquiring an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Trading Down 0.4 %

GNTX traded down $0.08 during midday trading on Wednesday, hitting $21.67. 2,224,417 shares of the company were exchanged, compared to its average volume of 1,704,767. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. The company's 50 day simple moving average is $23.40 and its 200 day simple moving average is $27.02. Gentex Co. has a 1-year low of $20.28 and a 1-year high of $35.33.

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 in the previous year, the business earned $0.50 EPS. On average, equities analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex's dividend payout ratio (DPR) is 27.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GNTX shares. Baird R W lowered shares of Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. The Goldman Sachs Group dropped their price target on Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $25.00 target price (down previously from $31.00) on shares of Gentex in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, B. Riley restated a "buy" rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Gentex presently has an average rating of "Hold" and a consensus price target of $28.31.

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.