Gentex Co. (NASDAQ:GNTX) Position Lessened by Twin Tree Management LP

Twin Tree Management LP trimmed its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 73.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,687 shares of the auto parts company's stock after selling 53,833 shares during the quarter. Twin Tree Management LP's holdings in Gentex were worth $566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Atria Investments Inc grew its stake in shares of Gentex by 2.0% in the third quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company's stock worth $859,000 after purchasing an additional 577 shares in the last quarter. KBC Group NV lifted its holdings in Gentex by 13.3% in the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company's stock worth $168,000 after purchasing an additional 667 shares during the period. Empowered Funds LLC grew its position in Gentex by 42.7% in the 3rd quarter. Empowered Funds LLC now owns 21,748 shares of the auto parts company's stock valued at $646,000 after buying an additional 6,505 shares in the last quarter. Natixis Advisors LLC grew its position in Gentex by 14.4% in the 3rd quarter. Natixis Advisors LLC now owns 415,379 shares of the auto parts company's stock valued at $12,333,000 after buying an additional 52,205 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Gentex by 10.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company's stock valued at $11,651,000 after buying an additional 36,134 shares during the period. 86.76% of the stock is owned by institutional investors.

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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. The company had a trading volume of 5,104,784 shares, compared to its average volume of 1,541,611. Gentex Co. has a 1-year low of $23.50 and a 1-year high of $36.49. The stock has a market cap of $5.43 billion, a PE ratio of 13.59, a P/E/G ratio of 0.84 and a beta of 0.90. The company has a 50-day moving average price of $25.53 and a two-hundred day moving average price of $28.27.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (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 period last year, the company posted $0.50 EPS. On average, research analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The company also recently disclosed 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 dividend payout ratio is 27.27%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Guggenheim set a $30.00 price target on shares of Gentex in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their target price on Gentex from $34.00 to $32.00 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 note on Monday, February 3rd. UBS Group dropped their price objective on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, B. Riley reaffirmed a "buy" rating and set a $32.50 target price (down previously from $37.00) 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 issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.