9,787 Shares in Gentex Co. (NASDAQ:GNTX) Bought by Advisor OS LLC

Advisor OS LLC acquired a new position in Gentex Co. (NASDAQ:GNTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,787 shares of the auto parts company’s stock, valued at approximately $281,000.

A number of other institutional investors have also bought and sold shares of the company. EdgePoint Investment Group Inc. boosted its position in Gentex by 1.5% during the third quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock valued at $228,611,000 after acquiring an additional 111,500 shares during the last quarter. Geode Capital Management LLC boosted its position in Gentex by 5.6% during the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock valued at $159,406,000 after acquiring an additional 285,802 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in Gentex by 5.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company’s stock valued at $133,424,000 after acquiring an additional 234,083 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Gentex by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock valued at $80,079,000 after acquiring an additional 386,461 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Gentex by 179.7% during the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after acquiring an additional 1,285,519 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Price Performance

GNTX opened at $24.32 on Friday. Gentex Co. has a fifty-two week low of $24.10 and a fifty-two week high of $37.58. The firm has a market capitalization of $5.53 billion, a PE ratio of 13.82, a P/E/G ratio of 0.84 and a beta of 0.91. The company’s 50-day moving average is $26.80 and its 200 day moving average is $28.92.

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 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 quarter last year, the business posted $0.50 earnings per share. As a group, analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.97%. Gentex’s dividend payout ratio is presently 27.27%.

Analyst Ratings Changes

A number of analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a report on Monday, February 3rd. UBS Group dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective 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. Finally, Guggenheim dropped their price objective 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. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.31.

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.