Illumine Investment Management LLC Invests $1.76 Million in Gentex Co. (NASDAQ:GNTX)

Illumine Investment Management LLC acquired a new stake in Gentex Co. (NASDAQ:GNTX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 61,299 shares of the auto parts company's stock, valued at approximately $1,761,000. Gentex accounts for 1.4% of Illumine Investment Management LLC's investment portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company's stock worth $59,404,000 after buying an additional 1,285,519 shares during the period. Geode Capital Management LLC raised its stake in Gentex by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company's stock worth $159,406,000 after buying an additional 285,802 shares during the period. Barclays PLC raised its stake in Gentex by 54.4% during the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company's stock worth $3,205,000 after buying an additional 38,027 shares during the period. BCGM Wealth Management LLC raised its stake in Gentex by 64.2% during the 4th quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company's stock worth $1,630,000 after buying an additional 22,180 shares during the period. Finally, Reinhart Partners LLC. raised its stake in Gentex by 1.9% during the 4th quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company's stock worth $32,304,000 after buying an additional 20,624 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Trading Up 0.2 %

Shares of GNTX traded up $0.06 on Monday, reaching $24.38. 520,107 shares of the company's stock traded hands, compared to its average volume of 1,895,502. The stock has a market cap of $5.54 billion, a PE ratio of 13.85, a PEG ratio of 0.84 and a beta of 0.91. The stock's 50 day simple moving average is $26.70 and its two-hundred day simple moving average is $28.90. Gentex Co. has a 52-week low of $24.07 and a 52-week high of $37.58.

Gentex (NASDAQ:GNTX - Get Free Report) last released its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) 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 period in the previous year, the company earned $0.50 earnings per share. Analysts forecast that Gentex Co. will post 2.04 earnings per share for the current 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 given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex's dividend payout ratio is currently 27.27%.

Wall Street Analysts Forecast Growth

GNTX has been the subject of a number of recent research reports. Robert W. Baird set a $31.00 price objective on Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, November 21st. B. Riley reissued a "buy" rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Finally, UBS Group decreased their price objective on Gentex from $30.00 to $29.00 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.com, the company has a consensus rating of "Hold" and an average price target of $32.31.

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.