Proficio Capital Partners LLC bought a new position in Gentex Co. (NASDAQ:GNTX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,057 shares of the auto parts company's stock, valued at approximately $892,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lindenwold Advisors INC raised its holdings in Gentex by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company's stock valued at $372,000 after buying an additional 347 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in 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 buying an additional 408 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings 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 buying an additional 437 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings 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 buying an additional 457 shares during the last quarter. Finally, Intellectus Partners LLC raised its holdings in Gentex by 6.1% in the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company's stock valued at $251,000 after buying an additional 484 shares during the last quarter. Institutional investors own 86.76% of the company's stock.
Gentex Trading Down 4.8 %
NASDAQ GNTX traded down $1.24 during trading hours on Tuesday, hitting $24.78. The company's stock had a trading volume of 3,096,768 shares, compared to its average volume of 1,510,386. Gentex Co. has a 52 week low of $23.63 and a 52 week high of $36.75. The company's 50-day simple moving average is $26.12 and its two-hundred day simple moving average is $28.63. The company has a market capitalization of $5.63 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.
Gentex (NASDAQ:GNTX - Get Free Report) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS 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 in the prior year, the firm posted $0.50 EPS. Research analysts anticipate 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 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 dividend yield of 1.94%. Gentex's dividend payout ratio (DPR) is presently 27.27%.
Wall Street Analyst Weigh In
Several research firms have issued reports on GNTX. Guggenheim set a $30.00 price target on shares of Gentex in a report on Wednesday, March 5th. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research report on Monday, February 3rd. 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. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, B. Riley reaffirmed a "buy" rating and set a $32.50 price objective (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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.81.
Check Out Our Latest Analysis on Gentex
Gentex 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.
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