JPMorgan Chase & Co. grew its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 162.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,249,230 shares of the auto parts company's stock after acquiring an additional 3,248,434 shares during the quarter. JPMorgan Chase & Co. owned 2.31% of Gentex worth $150,810,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new stake in Gentex during the 4th quarter worth approximately $26,000. TD Private Client Wealth LLC increased its position in shares of Gentex by 138.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock worth $33,000 after acquiring an additional 662 shares in the last quarter. Synergy Asset Management LLC bought a new stake in shares of Gentex during the fourth quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after acquiring an additional 593 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Gentex in the 3rd quarter valued at $125,000. Institutional investors and hedge funds own 86.76% of the company's stock.
Gentex Price Performance
GNTX stock traded down $0.22 during trading hours on Friday, reaching $22.14. The stock had a trading volume of 3,997,500 shares, compared to its average volume of 1,629,877. The stock has a market capitalization of $5.03 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. The stock has a 50-day simple moving average of $24.70 and a 200 day simple moving average of $27.83. Gentex Co. has a fifty-two week low of $21.56 and a fifty-two week high of $36.24.
Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 last year, the company posted $0.50 EPS. On average, sell-side analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.
Gentex Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.17%. Gentex's dividend payout ratio (DPR) is 27.27%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on GNTX. JPMorgan Chase & Co. cut their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report 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 issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 target price on shares of Gentex in a report on Monday, February 3rd. Finally, 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, February 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.81.
Read Our Latest Analysis on Gentex
Gentex Company 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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