SVB Wealth LLC bought a new position in Gentex Co. (NASDAQ:GNTX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 15,735 shares of the auto parts company's stock, valued at approximately $452,000.
A number of other large investors have also recently made changes to their positions in the business. Lindenwold Advisors INC increased its holdings in shares of Gentex by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company's stock worth $372,000 after buying an additional 347 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Gentex by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock worth $221,000 after buying an additional 408 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock worth $1,891,000 after buying an additional 437 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Gentex by 6.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock worth $214,000 after buying an additional 457 shares during the last quarter. Finally, Intellectus Partners LLC boosted its stake in shares of Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company's stock worth $251,000 after purchasing an additional 484 shares during the period. 86.76% of the stock is currently owned by institutional investors.
Gentex Stock Performance
Gentex stock traded up $0.31 during trading hours on Friday, hitting $25.39. The company had a trading volume of 2,411,297 shares, compared to its average volume of 1,494,248. The company has a 50-day moving average price of $26.25 and a two-hundred day moving average price of $28.73. Gentex Co. has a 1 year low of $23.63 and a 1 year high of $37.48. The firm has a market cap of $5.77 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.84 and a beta of 0.90.
Gentex (NASDAQ:GNTX - Get Free Report) last announced 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 return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, equities research analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.
Gentex Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.89%. Gentex's payout ratio is presently 27.27%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on GNTX shares. UBS Group dropped their price target on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. B. Riley reaffirmed a "buy" rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Guggenheim dropped their price target on shares of Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. Finally, Robert W. Baird set a $31.00 price target on shares of Gentex in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Gentex has an average rating of "Hold" and an average target price of $32.31.
View Our Latest Analysis on Gentex
Gentex Profile
(
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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