Vanguard Group Inc. reduced its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,695,153 shares of the auto parts company's stock after selling 113,471 shares during the period. Vanguard Group Inc. owned approximately 9.54% of Gentex worth $623,302,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Gentex by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company's stock worth $46,163,000 after buying an additional 6,106 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Gentex by 26.2% during 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 period. Northwest & Ethical Investments L.P. raised its position in Gentex by 42.7% in the third quarter. Northwest & Ethical Investments L.P. now owns 14,779 shares of the auto parts company's stock worth $439,000 after acquiring an additional 4,424 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Gentex in the third quarter valued at $366,000. Finally, Kestra Investment Management LLC boosted its position in shares of 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 hedge funds and other institutional investors.
Wall Street Analyst Weigh In
GNTX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective 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. UBS Group reduced their price target on shares of Gentex from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. B. Riley reissued a "buy" rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on Gentex in a research note on Monday, February 3rd. Finally, Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $31.81.
Check Out Our Latest Stock Report on GNTX
Gentex Trading Down 1.0 %
Shares of NASDAQ GNTX traded down $0.22 during trading on Friday, reaching $22.14. The company had a trading volume of 3,997,500 shares, compared to its average volume of 1,628,241. The stock has a market capitalization of $5.03 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Gentex Co. has a twelve month low of $21.56 and a twelve month high of $36.24. The stock has a 50-day moving average price of $24.70 and a two-hundred day moving average price of $27.85.
Gentex (NASDAQ:GNTX - Get Free Report) last announced its 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter last year, the company posted $0.50 earnings per share. On average, sell-side analysts predict that Gentex Co. will post 2.04 EPS for the current year.
Gentex Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.17%. Gentex's payout ratio is currently 27.27%.
Gentex Company 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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