Royce & Associates LP Has $10.09 Million Holdings in Gentex Co. (NASDAQ:GNTX)

Royce & Associates LP increased its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,285 shares of the auto parts company's stock after purchasing an additional 16,085 shares during the period. Royce & Associates LP owned 0.15% of Gentex worth $10,092,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Gentex in the 4th quarter valued at $26,000. Synergy Asset Management LLC bought a new position in Gentex in the fourth quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 during the period. Wilmington Savings Fund Society FSB bought a new stake in Gentex during the 3rd quarter worth about $125,000. Finally, GAMMA Investing LLC lifted its position in 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 purchasing an additional 3,152 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GNTX shares. JPMorgan Chase & Co. lowered their price target 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. Guggenheim set a $30.00 price objective on shares of Gentex in a research note on Wednesday, March 5th. UBS Group dropped their target price 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. Robert W. Baird set a $31.00 price target on Gentex in a research report on Monday, February 3rd. Finally, B. Riley reaffirmed a "buy" rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $31.81.

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Gentex Trading Down 0.7 %

Shares of NASDAQ GNTX traded down $0.18 during mid-day trading on Friday, reaching $23.91. 5,104,784 shares of the company's stock were exchanged, compared to its average volume of 1,542,201. Gentex Co. has a twelve month low of $23.50 and a twelve month high of $36.75. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.84 and a beta of 0.90. The business has a fifty day simple moving average of $25.59 and a 200 day simple moving average of $28.33.

Gentex (NASDAQ:GNTX - Get Free Report) last announced 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 last year, the company earned $0.50 EPS. Equities research analysts predict that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex's payout ratio is presently 27.27%.

About Gentex

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.