Retirement Systems of Alabama Has $17.02 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Retirement Systems of Alabama lifted its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 592,241 shares of the auto parts company's stock after purchasing an additional 47,870 shares during the period. Retirement Systems of Alabama owned 0.26% of Gentex worth $17,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in Gentex during the 4th quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock worth $54,000 after acquiring an additional 1,269 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Gentex during the 3rd quarter worth $125,000. GAMMA Investing LLC grew its holdings in Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock worth $147,000 after acquiring an additional 3,152 shares during the period. Finally, KBC Group NV grew its holdings in Gentex by 13.3% during the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company's stock worth $168,000 after acquiring an additional 667 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Stock Down 0.1 %

GNTX traded down $0.04 during trading on Monday, hitting $25.03. The company had a trading volume of 587,481 shares, compared to its average volume of 1,925,502. The company has a market capitalization of $5.69 billion, a PE ratio of 14.24, a PEG ratio of 0.86 and a beta of 0.91. Gentex Co. has a one year low of $24.57 and a one year high of $37.58. The firm's 50-day moving average price is $28.39 and its 200 day moving average price is $29.46.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Sell-side analysts forecast that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.92%. Gentex's dividend payout ratio is currently 27.27%.

Analyst Ratings Changes

A number of analysts have commented on GNTX shares. B. Riley reaffirmed a "buy" rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Bank of America lowered their target price on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, October 14th. Guggenheim reduced their price target on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, Robert W. Baird lifted their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $33.06.

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.