Lightrock Netherlands B.V. Invests $9.44 Million in Gentex Co. (NASDAQ:GNTX)

Lightrock Netherlands B.V. purchased a new stake in shares of Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 327,043 shares of the auto parts company’s stock, valued at approximately $9,443,000. Gentex accounts for 3.3% of Lightrock Netherlands B.V.’s holdings, making the stock its 9th biggest position. Lightrock Netherlands B.V. owned approximately 0.14% of Gentex as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GNTX. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after buying an additional 1,269 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Gentex by 8.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 394,025 shares of the auto parts company’s stock valued at $11,699,000 after acquiring an additional 30,670 shares during the period. Creative Planning lifted its holdings in Gentex by 27.7% during the third quarter. Creative Planning now owns 77,519 shares of the auto parts company’s stock valued at $2,302,000 after purchasing an additional 16,834 shares during the last quarter. Hunter Perkins Capital Management LLC boosted its position in Gentex by 220.3% during the third quarter. Hunter Perkins Capital Management LLC now owns 116,590 shares of the auto parts company’s stock worth $3,462,000 after purchasing an additional 80,190 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Gentex in the third quarter worth about $493,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America cut their price objective on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. UBS Group cut their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased 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. Guggenheim cut their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Finally, Robert W. Baird upped their price target on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Gentex presently has a consensus rating of “Hold” and a consensus price target of $33.06.

Gentex Trading Down 1.0 %

Shares of NASDAQ GNTX opened at $24.81 on Tuesday. The business has a 50-day moving average of $28.39 and a 200-day moving average of $29.46. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.86 and a beta of 0.91. Gentex Co. has a 12 month low of $24.57 and a 12 month high of $37.58.

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

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.93%. Gentex’s dividend payout ratio is 27.27%.

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.