Gentex Co. (NASDAQ:GNTX) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC decreased its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,003 shares of the auto parts company’s stock after selling 37,118 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Gentex were worth $7,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GNTX. Coldstream Capital Management Inc. lifted its position in shares of Gentex by 5.8% during the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 408 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after buying an additional 437 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Gentex by 6.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock worth $214,000 after buying an additional 457 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position 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 worth $70,000 after acquiring an additional 593 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Gentex by 1.6% in the 3rd quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company’s stock valued at $1,209,000 after acquiring an additional 650 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Stock Up 0.3 %

Shares of NASDAQ:GNTX opened at $23.52 on Thursday. The company’s 50-day moving average price is $24.92 and its 200 day moving average price is $27.93. The company has a market cap of $5.34 billion, a PE ratio of 13.36, a P/E/G ratio of 0.84 and a beta of 0.90. Gentex Co. has a fifty-two week low of $22.87 and a fifty-two week high of $36.31.

Gentex (NASDAQ:GNTX) last released its quarterly 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 net margin of 17.49% and a return on equity of 16.74%. During the same period in the prior year, the firm posted $0.50 EPS. As a group, equities analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 annualized dividend and a dividend yield of 2.04%. Gentex’s payout ratio is 27.27%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GNTX shares. JPMorgan Chase & Co. reduced their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. B. Riley restated a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 price target on shares of Gentex in a report on Wednesday, March 5th. 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 research note on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 target price 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 company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.81.

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.