Gentex Co. (NASDAQ:GNTX) Stake Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in Gentex Co. (NASDAQ:GNTX) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,472 shares of the auto parts company’s stock after selling 815 shares during the quarter. State of Alaska Department of Revenue’s holdings in Gentex were worth $2,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Lindenwold Advisors INC lifted its stake in Gentex by 2.8% during the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock valued at $372,000 after purchasing an additional 347 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after buying an additional 408 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after acquiring an additional 437 shares in the last quarter. Intellectus Partners LLC grew its holdings in shares of Gentex by 6.1% in the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock worth $251,000 after acquiring an additional 484 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Gentex by 2.0% during 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 during the period. Institutional investors own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group decreased their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Robert W. Baird lifted their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. cut their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Guggenheim decreased their price objective 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, B. Riley reissued a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.06.

Gentex Stock Up 0.1 %

GNTX stock opened at $25.06 on Monday. The company has a 50 day moving average of $28.39 and a two-hundred day moving average of $29.48. Gentex Co. has a 12-month low of $24.57 and a 12-month high of $37.58. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 posted $0.50 EPS. On average, research analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.12 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.92%. Gentex’s payout ratio is 27.27%.

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.