80,464 Shares in Gentex Co. (NASDAQ:GNTX) Bought by AlphaQuest LLC

AlphaQuest LLC bought a new stake in shares of Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 80,464 shares of the auto parts company’s stock, valued at approximately $2,312,000.

A number of other hedge funds have also recently bought and sold shares of GNTX. Midwest Capital Advisors LLC acquired a new position in shares of Gentex during the fourth quarter valued at about $26,000. Synergy Asset Management LLC bought a new position in Gentex during the fourth quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in 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 acquiring an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex in the 3rd quarter worth approximately $125,000. Finally, GAMMA Investing LLC grew its holdings in shares of Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after purchasing an additional 3,152 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GNTX has been the subject of a number of recent research reports. UBS Group cut their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. B. Riley reissued a “buy” rating and issued a $32.50 target price (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, Guggenheim cut their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.31.

Gentex Trading Up 1.2 %

NASDAQ:GNTX opened at $25.39 on Friday. The stock has a market capitalization of $5.77 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Gentex Co. has a 1 year low of $23.63 and a 1 year high of $36.75. The firm has a 50 day moving average of $26.25 and a 200-day moving average of $28.72.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 EPS 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 business posted $0.50 earnings per share. As a group, analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio is currently 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.