Greenleaf Trust Has $1.64 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Greenleaf Trust grew its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 538.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,919 shares of the auto parts company's stock after buying an additional 47,997 shares during the period. Greenleaf Trust's holdings in Gentex were worth $1,635,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GNTX. Synergy Asset Management LLC bought a new stake in shares of Gentex in the fourth quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock worth $54,000 after acquiring an additional 1,269 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Gentex during the 3rd quarter worth approximately $125,000. GAMMA Investing LLC raised its holdings in shares of Gentex by 159.1% in the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock valued at $147,000 after purchasing an additional 3,152 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Gentex by 13.3% in the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company's stock worth $168,000 after purchasing an additional 667 shares in the last quarter. Institutional investors own 86.76% of the company's stock.

Analysts Set New Price Targets

GNTX has been the topic of several recent research reports. UBS Group lowered their price target on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday. Robert W. Baird raised their price target on Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Bank of America dropped their price objective on Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. decreased their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday. Finally, B. Riley reiterated a "buy" rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Gentex currently has a consensus rating of "Hold" and a consensus price target of $33.06.

Gentex Trading Down 1.0 %

Shares of NASDAQ:GNTX traded down $0.26 during trading on Thursday, reaching $25.04. 2,196,071 shares of the stock were exchanged, compared to its average volume of 1,953,653. The firm has a market cap of $5.69 billion, a PE ratio of 14.23, a PEG ratio of 0.86 and a beta of 0.91. Gentex Co. has a 12 month low of $24.57 and a 12 month high of $37.58. The stock has a 50-day moving average price of $28.61 and a 200-day moving average price of $29.60.

Gentex (NASDAQ:GNTX - Get Free Report) last issued 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 last year, the business earned $0.50 earnings per share. On average, sell-side analysts expect that Gentex Co. will post 2.1 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.92%. Gentex's dividend payout ratio is presently 27.27%.

Gentex Company 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.