Swiss National Bank Purchases 1,500 Shares of Gentex Co. (NASDAQ:GNTX)

Swiss National Bank grew its position in shares of Gentex Co. (NASDAQ:GNTX) by 0.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 452,800 shares of the auto parts company’s stock after buying an additional 1,500 shares during the quarter. Swiss National Bank’s holdings in Gentex were worth $13,009,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new stake in Gentex during the 4th quarter worth approximately $26,000. Synergy Asset Management LLC bought a new stake in shares of Gentex during the fourth quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after buying an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Gentex in the third quarter valued at about $125,000. Finally, GAMMA Investing LLC lifted its position in Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after buying an additional 3,152 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GNTX. Robert W. Baird set a $31.00 target price on shares of Gentex in a research note on Monday, February 3rd. UBS Group reduced their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Guggenheim set a $30.00 price target on Gentex in a report on Wednesday, March 5th. Finally, B. Riley reiterated a “buy” rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.81.

Gentex Stock Performance

GNTX opened at $23.79 on Thursday. Gentex Co. has a twelve month low of $23.63 and a twelve month high of $36.75. The firm has a market cap of $5.40 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The firm’s fifty day moving average is $25.65 and its two-hundred day moving average is $28.36.

Gentex (NASDAQ:GNTX) last posted 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 return on equity of 16.74% and a net margin of 17.49%. During the same period in the prior year, the business earned $0.50 EPS. Equities analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend 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.