Midwest Capital Advisors LLC Takes $26,000 Position in Gentex Co. (NASDAQ:GNTX)

Midwest Capital Advisors LLC acquired a new stake in shares of Gentex Co. (NASDAQ:GNTX) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 919 shares of the auto parts company’s stock, valued at approximately $26,000.

Several other institutional investors also recently made changes to their positions in the stock. Lindenwold Advisors INC grew its stake in shares of Gentex by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock valued at $372,000 after buying an additional 347 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of Gentex by 5.8% during the 3rd 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 during the period. 180 Wealth Advisors LLC grew 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 valued at $1,891,000 after buying an additional 437 shares during the period. Intellectus Partners LLC lifted its holdings in shares of Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock valued at $251,000 after acquiring an additional 484 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Gentex by 2.0% during the 3rd quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company’s stock valued at $859,000 after acquiring an additional 577 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Gentex Stock Performance

Shares of Gentex stock opened at $24.37 on Monday. The firm has a market cap of $5.54 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. The firm’s 50-day simple moving average is $27.21 and its 200-day simple moving average is $29.05. Gentex Co. has a 1 year low of $24.20 and a 1 year high of $37.58.

Gentex (NASDAQ:GNTX) last issued its earnings results 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 quarter last year, the business posted $0.50 earnings per share. On average, equities analysts predict that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.97%. Gentex’s dividend payout ratio (DPR) is presently 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.