New Age Alpha Advisors LLC bought a new position in Gentex Co. (NASDAQ:GNTX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 45,265 shares of the auto parts company's stock, valued at approximately $1,300,000.
Several other institutional investors and hedge funds have also recently modified their holdings of GNTX. Midwest Capital Advisors LLC bought a new position in shares of Gentex in the fourth quarter worth approximately $26,000. TD Private Client Wealth LLC grew its stake in Gentex by 138.8% in the 4th 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 in the last quarter. Synergy Asset Management LLC bought a new position in shares of Gentex in the 4th quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Gentex by 32.5% during 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex during the 3rd quarter worth $125,000. Hedge funds and other institutional investors own 86.76% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on GNTX. Robert W. Baird set a $31.00 target price on Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. B. Riley reissued a "buy" rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. UBS Group cut their price objective 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. Finally, Guggenheim set a $30.00 price objective on Gentex in a research note on Wednesday, March 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Gentex has a consensus rating of "Hold" and an average target price of $31.81.
Check Out Our Latest Stock Report on Gentex
Gentex Price Performance
GNTX stock traded down $0.22 during trading on Friday, reaching $22.14. The company had a trading volume of 3,997,500 shares, compared to its average volume of 1,628,241. The business has a 50 day moving average of $24.70 and a 200 day moving average of $27.85. The company has a market cap of $5.03 billion, a P/E ratio of 12.58, a PEG ratio of 0.84 and a beta of 0.90. Gentex Co. has a 52 week low of $21.56 and a 52 week high of $36.24.
Gentex (NASDAQ:GNTX - Get Free Report) last released its earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing analysts' consensus estimates 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 period in the previous year, the firm posted $0.50 earnings per share. Research analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.
Gentex Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.17%. Gentex's payout ratio is 27.27%.
Gentex Company Profile
(
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.
See Also
Before you consider Gentex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gentex wasn't on the list.
While Gentex currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
