Proficio Capital Partners LLC Purchases New Holdings in Gentex Co. (NASDAQ:GNTX)

Proficio Capital Partners LLC purchased a new position in Gentex Co. (NASDAQ:GNTX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,057 shares of the auto parts company's stock, valued at approximately $892,000.

Several other institutional investors have also recently made changes to their positions in the stock. Midwest Capital Advisors LLC purchased a new stake in Gentex in the 4th quarter worth approximately $26,000. Synergy Asset Management LLC bought a new position in shares of Gentex in the fourth quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after purchasing an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex during the 3rd quarter valued at $125,000. Finally, GAMMA Investing LLC lifted its stake in shares of Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock valued at $147,000 after buying an additional 3,152 shares in the last quarter. Institutional investors own 86.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GNTX shares. JPMorgan Chase & Co. cut their price target 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 issued a $32.50 price target (down from $37.00) on shares of Gentex in a report 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 report on Monday, February 3rd. Guggenheim set a $30.00 price objective on shares of Gentex in a research report on Wednesday, March 5th. Finally, Robert W. Baird set a $31.00 target price 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $31.81.

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Gentex Trading Up 0.4 %

GNTX traded up $0.09 during trading hours on Tuesday, hitting $24.52. The company's stock had a trading volume of 1,780,537 shares, compared to its average volume of 1,543,262. Gentex Co. has a 12 month low of $23.50 and a 12 month high of $36.46. The business's 50-day moving average price is $25.47 and its 200-day moving average price is $28.20. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 13.93, a P/E/G 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 earnings per share for the quarter, missing analysts' consensus estimates 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 company earned $0.50 earnings per share. On average, analysts forecast that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, April 9th. Gentex's dividend payout ratio is currently 27.27%.

Gentex Company 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.