Kestra Investment Management LLC Sells 17,480 Shares of Gentex Co. (NASDAQ:GNTX)

Kestra Investment Management LLC cut its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 40.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,088 shares of the auto parts company's stock after selling 17,480 shares during the period. Kestra Investment Management LLC's holdings in Gentex were worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNTX. Synergy Asset Management LLC purchased a new position in Gentex during the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Gentex by 32.5% during 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 purchasing an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Gentex during the third quarter valued at about $125,000. GAMMA Investing LLC raised its stake in Gentex by 159.1% in the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock worth $147,000 after buying an additional 3,152 shares in the last quarter. Finally, KBC Group NV lifted its holdings in 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 buying an additional 667 shares during the period. Institutional investors own 86.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GNTX. UBS Group reduced their target price on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Guggenheim reduced their price target on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. B. Riley reiterated a "buy" rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 price target on shares of Gentex in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Gentex has an average rating of "Hold" and an average price target of $32.31.

Gentex Stock Performance

Shares of GNTX traded down $0.22 during trading hours on Friday, hitting $24.37. The company had a trading volume of 1,367,086 shares, compared to its average volume of 2,128,404. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 0.84 and a beta of 0.91. The firm has a fifty day moving average price of $27.21 and a 200-day moving average price of $29.04. Gentex Co. has a 52-week low of $24.20 and a 52-week high of $37.58.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the business earned $0.50 EPS. Research analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were given a $0.12 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.97%. Gentex's dividend payout ratio (DPR) is presently 27.27%.

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.