Sei Investments Co. Decreases Holdings in Gentex Co. (NASDAQ:GNTX)

Sei Investments Co. trimmed its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,934 shares of the auto parts company's stock after selling 71,469 shares during the quarter. Sei Investments Co. owned 0.14% of Gentex worth $8,933,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Gentex by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company's stock valued at $46,163,000 after buying an additional 6,106 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Gentex by 26.2% in the third quarter. BNP Paribas Financial Markets now owns 51,393 shares of the auto parts company's stock worth $1,526,000 after acquiring an additional 10,658 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of Gentex by 42.7% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 14,779 shares of the auto parts company's stock valued at $439,000 after purchasing an additional 4,424 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Gentex during the 3rd quarter valued at approximately $366,000. Finally, Kestra Investment Management LLC increased its position in Gentex by 8.3% during the 3rd quarter. Kestra Investment Management LLC now owns 43,568 shares of the auto parts company's stock worth $1,294,000 after purchasing an additional 3,353 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GNTX shares. B. Riley reissued a "buy" rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research note on Monday, February 3rd. UBS Group lowered their price target 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. Finally, Guggenheim set a $30.00 price objective on shares of Gentex in a research note on Wednesday, March 5th. Six equities research 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, the stock presently has an average rating of "Hold" and a consensus price target of $31.81.

Gentex Price Performance

Shares of GNTX traded down $1.16 during mid-day trading on Thursday, hitting $22.36. The stock had a trading volume of 3,336,438 shares, compared to its average volume of 1,617,608. The firm has a market cap of $5.08 billion, a P/E ratio of 12.70, a PEG ratio of 0.84 and a beta of 0.90. Gentex Co. has a 52 week low of $22.34 and a 52 week high of $36.25. The business has a fifty day moving average price of $24.81 and a 200-day moving average price of $27.90.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 posted $0.50 EPS. As a group, research analysts expect 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 2.15%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex's dividend payout ratio is currently 27.27%.

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.