23,310 Shares in Gentex Co. (NASDAQ:GNTX) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,310 shares of the auto parts company's stock, valued at approximately $670,000.

Other large investors have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in shares of Gentex during the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after acquiring an additional 593 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Gentex in the third quarter worth about $125,000. GAMMA Investing LLC boosted its holdings in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock worth $147,000 after acquiring an additional 3,152 shares during the period. Finally, KBC Group NV grew its holdings in Gentex by 13.3% during the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company's stock valued at $168,000 after purchasing an additional 667 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GNTX shares. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research note on Monday, February 3rd. B. Riley reaffirmed a "buy" rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. UBS Group lowered their target price on Gentex from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Guggenheim reduced their price target on Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Gentex presently has a consensus rating of "Hold" and an average target price of $32.31.

Gentex Stock Up 0.5 %

Shares of GNTX traded up $0.13 during mid-day trading on Monday, hitting $24.45. 90,498 shares of the company's stock were exchanged, compared to its average volume of 1,885,852. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. Gentex Co. has a 52 week low of $24.07 and a 52 week high of $37.58. The stock's 50-day simple moving average is $26.70 and its 200-day simple moving average is $28.90.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its 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 in the prior year, the business posted $0.50 EPS. Analysts forecast 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. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.96%. Gentex's dividend payout ratio is currently 27.27%.

Gentex Company 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.