Grantham Mayo Van Otterloo & Co. LLC grew its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,237,837 shares of the auto parts company's stock after purchasing an additional 47,832 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.54% of Gentex worth $35,563,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Gentex by 162.4% during the 4th quarter. JPMorgan Chase & Co. now owns 5,249,230 shares of the auto parts company's stock valued at $150,810,000 after purchasing an additional 3,248,434 shares during the last quarter. Norges Bank bought a new position in shares of Gentex in the fourth quarter valued at approximately $51,959,000. Wellington Management Group LLP boosted its holdings in shares of Gentex by 6.1% in the 4th quarter. Wellington Management Group LLP now owns 18,023,056 shares of the auto parts company's stock worth $517,802,000 after acquiring an additional 1,038,912 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Gentex during the 4th quarter worth approximately $24,479,000. Finally, American Century Companies Inc. grew its position in Gentex by 66.9% during the 4th quarter. American Century Companies Inc. now owns 1,657,397 shares of the auto parts company's stock worth $47,617,000 after acquiring an additional 664,389 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on GNTX. Robert W. Baird set a $31.00 price target on Gentex in a report on Monday, February 3rd. UBS Group lowered their price target on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday. B. Riley reaffirmed a "buy" rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim set a $30.00 target price on Gentex in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group cut their price target on Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Gentex has a consensus rating of "Hold" and an average price target of $29.81.
Read Our Latest Stock Analysis on GNTX
Gentex Trading Up 0.2 %
Shares of NASDAQ:GNTX traded up $0.04 during mid-day trading on Friday, reaching $20.99. The stock had a trading volume of 601,437 shares, compared to its average volume of 1,674,955. The firm has a 50 day simple moving average of $23.98 and a two-hundred day simple moving average of $27.49. Gentex Co. has a twelve month low of $20.28 and a twelve month high of $35.34. The firm has a market cap of $4.75 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84.
Gentex (NASDAQ:GNTX - Get Free Report) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 quarter last year, the business earned $0.50 earnings per share. On average, equities analysts anticipate that Gentex Co. will post 2.04 EPS for the current fiscal year.
Gentex Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.29%. Gentex's dividend payout ratio is presently 27.27%.
Gentex Profile
(
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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