Pacer Advisors Inc. Cuts Position in Gentex Co. (NASDAQ:GNTX)

Pacer Advisors Inc. decreased its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,906 shares of the auto parts company's stock after selling 12,792 shares during the period. Pacer Advisors Inc.'s holdings in Gentex were worth $974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GNTX. EdgePoint Investment Group Inc. lifted its position in shares of Gentex by 1.5% during the third quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company's stock worth $228,611,000 after purchasing an additional 111,500 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Gentex by 5.6% during the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company's stock worth $159,406,000 after acquiring an additional 285,802 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in Gentex by 5.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company's stock valued at $133,424,000 after purchasing an additional 234,083 shares during the period. JPMorgan Chase & Co. grew its stake in Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company's stock worth $59,404,000 after purchasing an additional 1,285,519 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Gentex by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company's stock worth $46,163,000 after purchasing an additional 6,106 shares during the period. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Price Performance

Shares of GNTX stock traded up $0.02 during midday trading on Friday, reaching $25.06. 2,714,918 shares of the company traded hands, compared to its average volume of 1,984,101. The firm has a market cap of $5.70 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The firm's 50 day simple moving average is $28.50 and its two-hundred day simple moving average is $29.56. Gentex Co. has a 1-year low of $24.57 and a 1-year high of $37.58.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its 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 previous year, the company earned $0.50 EPS. As a group, research analysts anticipate that Gentex Co. will post 2.1 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, January 8th. Gentex's dividend payout ratio is presently 27.27%.

Wall Street Analysts Forecast Growth

GNTX has been the subject of several recent research reports. B. Riley reiterated a "buy" rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday. Robert W. Baird increased their price objective on shares of Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Guggenheim decreased their price objective on shares of Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Finally, Bank of America dropped their target price on Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $33.06.

Gentex Profile

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.