Segall Bryant & Hamill LLC Purchases 15,689 Shares of Gentex Co. (NASDAQ:GNTX)

Segall Bryant & Hamill LLC grew its stake in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 463,159 shares of the auto parts company's stock after buying an additional 15,689 shares during the quarter. Segall Bryant & Hamill LLC owned 0.20% of Gentex worth $13,307,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GNTX. Midwest Capital Advisors LLC purchased a new stake in Gentex during the 4th quarter valued at $26,000. TD Private Client Wealth LLC boosted its holdings in shares of Gentex by 138.8% during the fourth 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 period. Synergy Asset Management LLC bought a new stake in shares of Gentex in the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. grew its stake 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 worth $70,000 after purchasing an additional 593 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Gentex during the 3rd quarter valued at about $125,000. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Stock Down 2.0 %

Shares of GNTX stock traded down $0.48 during mid-day trading on Friday, reaching $23.40. 2,617,593 shares of the company's stock traded hands, compared to its average volume of 1,599,830. The company's 50-day moving average price is $25.20 and its 200-day moving average price is $28.05. The company has a market cap of $5.32 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.84 and a beta of 0.90. Gentex Co. has a 12 month low of $23.27 and a 12 month high of $36.46.

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Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.50 earnings per share. Equities analysts predict that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex's dividend payout ratio (DPR) is presently 27.27%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GNTX. Robert W. Baird set a $31.00 price objective on Gentex in a report on Monday, February 3rd. UBS Group dropped their price target on Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research note 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. JPMorgan Chase & Co. dropped their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, Guggenheim set a $30.00 target price on shares of Gentex in a research note on Wednesday, March 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $31.81.

About Gentex

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.