39,463 Shares in Gentex Co. (NASDAQ:GNTX) Purchased by Inceptionr LLC

Inceptionr LLC purchased a new position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 39,463 shares of the auto parts company's stock, valued at approximately $1,134,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Midwest Capital Advisors LLC bought a new position in Gentex during the 4th quarter worth approximately $26,000. Synergy Asset Management LLC acquired a new position in Gentex during the 4th quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock valued at $70,000 after buying an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Gentex in the third quarter valued at approximately $125,000. Finally, GAMMA Investing LLC boosted its stake in Gentex by 159.1% during the 4th 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 in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Trading Up 2.5 %

GNTX traded up $0.63 on Monday, hitting $26.02. 3,409,599 shares of the stock traded hands, compared to its average volume of 1,503,125. The business has a fifty day moving average price of $26.25 and a two-hundred day moving average price of $28.71. Gentex Co. has a 52 week low of $23.63 and a 52 week high of $36.75. The firm has a market capitalization of $5.91 billion, a PE ratio of 14.78, a P/E/G ratio of 0.84 and a beta of 0.90.

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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 (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 quarter last year, the firm posted $0.50 earnings per share. On average, equities research analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.84%. Gentex's dividend payout ratio is presently 27.27%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group decreased their price target on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. B. Riley reaffirmed a "buy" rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Guggenheim set a $30.00 target price on Gentex in a report on Wednesday, March 5th. Finally, Robert W. Baird set a $31.00 price objective on shares of Gentex in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $31.81.

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.