Leeward Investments LLC MA cut its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 681,988 shares of the auto parts company's stock after selling 41,160 shares during the quarter. Gentex comprises approximately 1.0% of Leeward Investments LLC MA's portfolio, making the stock its 29th largest holding. Leeward Investments LLC MA owned about 0.30% of Gentex worth $19,594,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Eubel Brady & Suttman Asset Management Inc. increased its position in Gentex by 0.7% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 559,239 shares of the auto parts company's stock valued at $16,067,000 after acquiring an additional 3,887 shares during the period. Rice Hall James & Associates LLC grew its stake in shares of Gentex by 59.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 454,883 shares of the auto parts company's stock valued at $13,069,000 after purchasing an additional 169,586 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Gentex by 3.8% in the 4th quarter. Cardinal Capital Management now owns 65,730 shares of the auto parts company's stock valued at $1,888,000 after purchasing an additional 2,432 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Gentex by 6.0% in the fourth quarter. Sanctuary Advisors LLC now owns 12,994 shares of the auto parts company's stock valued at $367,000 after purchasing an additional 731 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Gentex by 956.6% during the fourth quarter. Allworth Financial LP now owns 6,720 shares of the auto parts company's stock worth $188,000 after purchasing an additional 6,084 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.
Gentex Trading Down 0.6 %
Shares of NASDAQ:GNTX traded down $0.15 during midday trading on Wednesday, hitting $24.52. 1,787,144 shares of the stock were exchanged, compared to its average volume of 1,923,844. Gentex Co. has a twelve month low of $24.10 and a twelve month high of $37.58. The company has a 50 day moving average price of $26.99 and a 200-day moving average price of $28.99. The stock has a market cap of $5.58 billion, a P/E ratio of 13.93, a PEG ratio of 0.84 and a beta of 0.91.
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 (EPS) for the quarter, missing the consensus estimate 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 previous year, the company posted $0.50 earnings per share. On average, equities research analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently weighed in on GNTX. JPMorgan Chase & Co. lowered 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. Robert W. Baird set a $31.00 target price on shares of Gentex in a report on Monday, February 3rd. Guggenheim cut their price target on shares of Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, November 21st. UBS Group reduced their price objective on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, B. Riley reiterated a "buy" rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $32.31.
Get Our Latest Stock Analysis on GNTX
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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