22,426 Shares in Gentex Co. (NASDAQ:GNTX) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,426 shares of the auto parts company's stock, valued at approximately $644,000.

A number of other hedge funds have also recently added to or reduced their stakes in GNTX. BNP Paribas Financial Markets grew its holdings in shares of Gentex by 26.2% during the third quarter. BNP Paribas Financial Markets now owns 51,393 shares of the auto parts company's stock valued at $1,526,000 after purchasing an additional 10,658 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Gentex in the third quarter worth about $366,000. Quantinno Capital Management LP increased its stake in Gentex by 17.8% during the 3rd quarter. Quantinno Capital Management LP now owns 20,028 shares of the auto parts company's stock valued at $595,000 after buying an additional 3,026 shares during the period. Weiss Asset Management LP acquired a new position in shares of Gentex during the third quarter valued at approximately $1,358,000. Finally, XTX Topco Ltd acquired a new position in shares of Gentex during the 3rd quarter valued at $1,033,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Analyst Upgrades and Downgrades

GNTX has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. UBS Group dropped their price target on Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research report on Monday, February 3rd. B. Riley reiterated 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, Guggenheim set a $30.00 price target on Gentex in a report on Wednesday, March 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $29.81.

Gentex Stock Performance

Shares of Gentex stock traded up $0.22 on Friday, reaching $21.17. The stock had a trading volume of 1,790,734 shares, compared to its average volume of 1,680,076. The stock has a market cap of $4.79 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. The business's 50-day moving average price is $23.89 and its two-hundred day moving average price is $27.43. Gentex Co. has a fifty-two week low of $20.28 and a fifty-two week high of $35.33.

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 the consensus estimate 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 quarter last year, the company posted $0.50 earnings per share. As a group, equities analysts forecast that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, April 9th. Gentex's dividend payout ratio (DPR) is presently 27.27%.

About Gentex

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.