Rice Hall James & Associates LLC boosted its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 59.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 454,883 shares of the auto parts company's stock after purchasing an additional 169,586 shares during the period. Rice Hall James & Associates LLC owned about 0.20% of Gentex worth $13,069,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Gentex by 179.7% in 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 during the period. Geode Capital Management LLC increased its stake in Gentex by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company's stock worth $159,406,000 after purchasing an additional 285,802 shares during the period. Barclays PLC increased its stake in Gentex by 54.4% in the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company's stock worth $3,205,000 after purchasing an additional 38,027 shares during the period. Reinhart Partners LLC. increased its stake in Gentex by 1.9% in the 4th quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company's stock worth $32,304,000 after purchasing an additional 20,624 shares during the period. Finally, Hendershot Investments Inc. increased its stake in Gentex by 3.8% in the 4th quarter. Hendershot Investments Inc. now owns 659,066 shares of the auto parts company's stock worth $18,935,000 after purchasing an additional 24,231 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.
Gentex Stock Performance
Shares of NASDAQ GNTX traded down $0.22 during mid-day trading on Friday, hitting $24.37. 1,367,086 shares of the stock traded hands, compared to its average volume of 1,939,902. Gentex Co. has a 52 week low of $24.20 and a 52 week high of $37.58. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 0.84 and a beta of 0.91. The stock has a fifty day moving average price of $27.34 and a 200-day moving average price of $29.08.
Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly 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 period in the prior year, the business earned $0.50 EPS. As a group, sell-side analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.
Gentex Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex's dividend payout ratio (DPR) is 27.27%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Robert W. Baird lifted their price target on Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. B. Riley reiterated a "buy" rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Guggenheim cut their price objective on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their price objective on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.06.
View Our Latest Stock Analysis on GNTX
About Gentex
(
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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