Grantham Mayo Van Otterloo & Co. LLC Purchases 47,832 Shares of Gentex Co. (NASDAQ:GNTX)

Grantham Mayo Van Otterloo & Co. LLC raised its position in Gentex Co. (NASDAQ:GNTX) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,237,837 shares of the auto parts company’s stock after buying an additional 47,832 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.54% of Gentex worth $35,563,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GNTX. BNP Paribas Financial Markets grew its position in Gentex by 26.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,393 shares of the auto parts company’s stock worth $1,526,000 after acquiring an additional 10,658 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Gentex during the third quarter worth $366,000. Centiva Capital LP acquired a new stake in shares of Gentex in the third quarter valued at $806,000. Quantinno Capital Management LP raised its holdings in shares of Gentex by 17.8% in the third quarter. Quantinno Capital Management LP now owns 20,028 shares of the auto parts company’s stock valued at $595,000 after buying an additional 3,026 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in Gentex during the 3rd quarter worth about $1,358,000. 86.76% of the stock is owned by institutional investors.

Gentex Trading Down 1.0 %

Gentex stock opened at $22.14 on Friday. The firm has a market capitalization of $5.03 billion, a P/E ratio of 12.58, a PEG ratio of 0.84 and a beta of 0.84. The business has a 50-day moving average of $24.70 and a 200-day moving average of $27.84. Gentex Co. has a 1 year low of $21.56 and a 1 year high of $36.24.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data 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 firm posted $0.50 EPS. Research analysts anticipate that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, April 9th. Gentex’s payout ratio is presently 27.27%.

Analyst Upgrades and Downgrades

GNTX has been the subject of several research reports. UBS Group lowered their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 price objective on Gentex in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut 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. Finally, B. Riley reaffirmed 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.