Gentex Co. (NASDAQ:GNTX) Shares Acquired by Triodos Investment Management BV

Triodos Investment Management BV lifted its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 801,000 shares of the auto parts company's stock after buying an additional 50,000 shares during the period. Gentex makes up 1.9% of Triodos Investment Management BV's holdings, making the stock its 27th biggest position. Triodos Investment Management BV owned 0.35% of Gentex worth $23,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GNTX. Charles Schwab Investment Management Inc. grew its stake in shares of 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. Citigroup Inc. grew its position in Gentex by 327.8% in the 3rd quarter. Citigroup Inc. now owns 483,842 shares of the auto parts company's stock valued at $14,365,000 after acquiring an additional 370,746 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Gentex during the third quarter worth about $2,441,000. BNP Paribas Financial Markets grew 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 valued at $1,526,000 after purchasing an additional 10,658 shares in the last quarter. Finally, Bridgewater Associates LP boosted its position in Gentex by 249.1% in the 3rd quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company's stock valued at $18,338,000 after buying an additional 440,725 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

GNTX has been the subject of a number of analyst reports. Guggenheim set a $30.00 price objective on Gentex in a research report on Wednesday, March 5th. UBS Group reduced their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. B. Riley restated a "buy" rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.81.

Gentex Stock Up 0.2 %

NASDAQ GNTX traded up $0.05 during trading hours on Tuesday, hitting $23.35. 498,408 shares of the stock were exchanged, compared to its average volume of 1,600,506. The stock has a 50-day moving average of $25.11 and a 200 day moving average of $28.01. Gentex Co. has a 12-month low of $22.87 and a 12-month high of $36.46. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly 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 net margin of 17.49% and a return on equity of 16.74%. During the same period last year, the firm earned $0.50 earnings per share. On average, equities research analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 yield of 2.06%. Gentex's dividend payout ratio (DPR) 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.