Schroder Investment Management Group Grows Stock Position in Gentex Co. (NASDAQ:GNTX)

Schroder Investment Management Group lifted its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 838,907 shares of the auto parts company's stock after buying an additional 55,361 shares during the quarter. Schroder Investment Management Group owned about 0.37% of Gentex worth $23,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GNTX. Pictet Asset Management Holding SA raised its holdings in Gentex by 11.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,075 shares of the auto parts company's stock valued at $979,000 after acquiring an additional 3,515 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Gentex by 331.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,572 shares of the auto parts company's stock valued at $131,000 after purchasing an additional 3,512 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Gentex during the 4th quarter worth about $1,300,000. Triodos Investment Management BV boosted its stake in Gentex by 6.7% in the 4th quarter. Triodos Investment Management BV now owns 801,000 shares of the auto parts company's stock worth $23,013,000 after purchasing an additional 50,000 shares during the period. Finally, Norges Bank bought a new position in Gentex in the 4th quarter worth about $51,959,000. 86.76% of the stock is owned by institutional investors.

Gentex Stock Performance

GNTX traded down $0.76 during trading on Monday, reaching $21.38. The stock had a trading volume of 3,864,362 shares, compared to its average volume of 1,638,779. The business has a 50-day moving average of $24.56 and a 200-day moving average of $27.77. Gentex Co. has a one year low of $20.87 and a one year high of $36.24. The stock has a market cap of $4.86 billion, a PE ratio of 12.15, a PEG ratio of 0.84 and a beta of 0.84.

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Gentex (NASDAQ:GNTX - Get Free Report) last announced 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 period in the prior year, the business earned $0.50 EPS. Equities research analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 2.25%. Gentex's payout ratio is 27.27%.

Analysts Set New Price Targets

GNTX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report 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. Guggenheim set a $30.00 price target on shares of Gentex in a research report on Wednesday, March 5th. UBS Group lowered 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. Finally, Robert W. Baird set a $31.00 target price on Gentex in a research report on Monday, February 3rd. Six research 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, Gentex has a consensus rating of "Hold" and an average target price of $31.81.

Gentex 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.