Lecap Asset Management Ltd. purchased a new stake in Gentex Co. (NASDAQ:GNTX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,622 shares of the auto parts company's stock, valued at approximately $334,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of GNTX. Synergy Asset Management LLC acquired a new stake in shares of Gentex during the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock valued at $54,000 after buying an additional 1,269 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Gentex during the 3rd quarter valued at about $125,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 3,152 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Gentex by 13.3% during the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company's stock valued at $168,000 after buying an additional 667 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GNTX. Robert W. Baird raised their price objective on Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Guggenheim cut their price objective on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. B. Riley reissued a "buy" rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $33.06.
Get Our Latest Analysis on Gentex
Gentex Stock Down 2.0 %
GNTX traded down $0.51 during trading hours on Wednesday, hitting $24.39. 1,803,456 shares of the company's stock were exchanged, compared to its average volume of 1,947,956. Gentex Co. has a 1-year low of $24.38 and a 1-year high of $37.58. The stock's 50-day moving average is $28.17 and its two-hundred day moving average is $29.36. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.86 and a beta of 0.91.
Gentex (NASDAQ:GNTX - Get Free Report) last announced its earnings results on Friday, January 31st. The auto parts company reported $0.39 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 firm posted $0.50 EPS. On average, equities research analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.
Gentex Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.97%. The ex-dividend date was Wednesday, January 8th. Gentex's dividend payout ratio (DPR) is currently 27.27%.
About Gentex
(
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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