HighTower Advisors LLC increased its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,229 shares of the auto parts company's stock after acquiring an additional 11,176 shares during the quarter. HighTower Advisors LLC's holdings in Gentex were worth $3,023,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in GNTX. Inspire Advisors LLC boosted its stake in shares of Gentex by 30.2% during the 4th quarter. Inspire Advisors LLC now owns 14,117 shares of the auto parts company's stock valued at $406,000 after purchasing an additional 3,276 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Gentex by 11.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,800 shares of the auto parts company's stock worth $1,661,000 after buying an additional 5,961 shares during the period. AlphaQuest LLC bought a new stake in Gentex during the 4th quarter valued at approximately $2,312,000. Inceptionr LLC purchased a new position in shares of Gentex during the 4th quarter worth approximately $1,134,000. Finally, Raymond James Financial Inc. bought a new position in shares of Gentex in the 4th quarter worth approximately $24,479,000. Institutional investors own 86.76% of the company's stock.
Wall Street Analysts Forecast Growth
GNTX has been the topic of several recent research reports. UBS Group reduced their price target on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Guggenheim set a $30.00 price target on shares of Gentex in a research note on Wednesday, March 5th. B. Riley reissued a "buy" rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 target price on shares of Gentex in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $31.81.
Check Out Our Latest Report on GNTX
Gentex Stock Performance
Shares of GNTX stock traded up $0.09 on Tuesday, reaching $24.52. The stock had a trading volume of 1,780,537 shares, compared to its average volume of 1,543,262. The stock has a market cap of $5.57 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Gentex Co. has a 1 year low of $23.50 and a 1 year high of $36.46. The company has a 50 day simple moving average of $25.47 and a 200 day simple moving average of $28.20.
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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the previous year, the business posted $0.50 EPS. On average, equities research analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.
Gentex Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, April 9th. Gentex's payout ratio is 27.27%.
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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