Gentex Co. (NASDAQ:GNTX) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its stake in shares of Gentex Co. (NASDAQ:GNTX) by 138.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,139 shares of the auto parts company’s stock after buying an additional 662 shares during the period. TD Private Client Wealth LLC’s holdings in Gentex were worth $33,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GNTX. Midwest Capital Advisors LLC acquired a new stake in Gentex during the 4th quarter valued at $26,000. Synergy Asset Management LLC purchased a new position in Gentex in the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 valued at $70,000 after acquiring an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Gentex during the third quarter valued at about $125,000. Finally, GAMMA Investing LLC increased its position in shares of Gentex by 159.1% during the fourth 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 last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GNTX has been the subject of a number of analyst reports. UBS Group reduced their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Guggenheim set a $30.00 price target on shares of Gentex in a research report on Wednesday, March 5th. B. Riley restated a “buy” rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced 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. Finally, Robert W. Baird set a $31.00 target price on shares of Gentex in a research report on Monday, February 3rd. Six 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.com, the stock has an average rating of “Hold” and an average price target of $31.81.

Gentex Stock Performance

Shares of GNTX stock opened at $24.76 on Thursday. Gentex Co. has a 1 year low of $23.50 and a 1 year high of $36.46. The firm has a market capitalization of $5.63 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The stock has a fifty day moving average of $25.37 and a two-hundred day moving average of $28.14.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data 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 quarter last year, the company posted $0.50 earnings per share. Equities research analysts predict that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The business 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 dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.94%. Gentex’s dividend payout ratio is presently 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.