Natixis Advisors LLC Grows Position in Gentex Co. (NASDAQ:GNTX)

Natixis Advisors LLC increased its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,446 shares of the auto parts company's stock after acquiring an additional 18,067 shares during the quarter. Natixis Advisors LLC owned 0.19% of Gentex worth $12,453,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Coldstream Capital Management Inc. increased its stake in shares of Gentex by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock valued at $221,000 after acquiring an additional 408 shares in the last quarter. 180 Wealth Advisors LLC grew its position in Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock valued at $1,891,000 after purchasing an additional 437 shares during the period. Oppenheimer Asset Management Inc. grew its position in Gentex by 6.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock valued at $214,000 after purchasing an additional 457 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in 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 purchasing an additional 593 shares during the period. Finally, Toronto Dominion Bank grew its position in Gentex by 1.6% in the 3rd quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company's stock valued at $1,209,000 after purchasing an additional 650 shares during the period. Institutional investors own 86.76% of the company's stock.

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Wall Street Analysts Forecast Growth

GNTX has been the subject of several research reports. Guggenheim set a $30.00 price target on shares of Gentex in a research report on Wednesday, March 5th. B. Riley reissued a "buy" rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective 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, UBS Group reduced their target price on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research note 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 MarketBeat, Gentex presently has a consensus rating of "Hold" and an average price target of $31.81.

Gentex Stock Down 0.7 %

GNTX traded down $0.18 during trading on Friday, hitting $23.91. 5,104,784 shares of the company traded hands, compared to its average volume of 1,541,764. The firm has a market cap of $5.43 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The stock's fifty day moving average is $25.53 and its 200 day moving average is $28.26. Gentex Co. has a one year low of $23.50 and a one year high of $36.46.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the business posted $0.50 EPS. On average, equities research analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.01%. Gentex's payout ratio is currently 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.