Gentex Co. (NASDAQ:GNTX) Stock Holdings Lifted by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its position in shares of Gentex Co. (NASDAQ:GNTX) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,500 shares of the auto parts company’s stock after purchasing an additional 1,500 shares during the period. Gamco Investors INC. ET AL’s holdings in Gentex were worth $6,191,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new position in Gentex in the fourth quarter worth approximately $26,000. TD Private Client Wealth LLC raised its holdings in shares of Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Gentex in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Gentex in the fourth quarter worth $96,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Price Performance

Shares of Gentex stock opened at $21.07 on Thursday. The firm has a fifty day moving average price of $23.65 and a two-hundred day moving average price of $27.25. Gentex Co. has a fifty-two week low of $20.28 and a fifty-two week high of $35.33. The company has a market cap of $4.77 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $0.50 EPS. Analysts expect that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.28%. Gentex’s payout ratio is 27.27%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Guggenheim set a $30.00 price target on Gentex in a research report on Wednesday, March 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $25.00 target price (down previously from $31.00) on shares of Gentex in a research report on Tuesday. UBS Group dropped their price target on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. B. Riley reaffirmed a “buy” rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.06.

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.