Legal & General Group Plc lowered its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 473,386 shares of the auto parts company's stock after selling 31,150 shares during the quarter. Legal & General Group Plc owned approximately 0.21% of Gentex worth $13,600,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Midwest Capital Advisors LLC purchased a new stake in Gentex in the fourth quarter valued at approximately $26,000. TD Private Client Wealth LLC boosted its stake in 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 buying an additional 662 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Gentex during the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Gentex by 32.5% in 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 buying an additional 593 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Gentex in the 4th quarter valued at $96,000. Institutional investors own 86.76% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on GNTX. JPMorgan Chase & Co. dropped their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. UBS Group dropped their price objective on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Baird R W cut shares of Gentex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird reiterated a "neutral" rating and set a $25.00 target price (down from $31.00) on shares of Gentex in a research report on Tuesday. Finally, Guggenheim set a $30.00 price objective on shares of Gentex in a research note on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $29.06.
Get Our Latest Report on GNTX
Gentex Price Performance
Shares of Gentex stock traded up $0.49 on Friday, hitting $21.56. The company had a trading volume of 2,276,125 shares, compared to its average volume of 1,695,370. The firm has a market capitalization of $4.88 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.84 and a beta of 0.84. Gentex Co. has a twelve month low of $20.28 and a twelve month high of $35.33. The stock has a 50-day moving average of $23.52 and a 200-day moving average of $27.14.
Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 earnings per share. Equities analysts predict that Gentex Co. will post 2.04 EPS for the current year.
Gentex Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. Gentex's payout ratio is currently 27.27%.
Gentex Company Profile
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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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