Lincluden Management Ltd. Cuts Holdings in Gentex Co. (NASDAQ:GNTX)

Lincluden Management Ltd. lowered its stake in shares of Gentex Co. (NASDAQ:GNTX) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,372 shares of the auto parts company’s stock after selling 1,299 shares during the period. Lincluden Management Ltd. owned 0.06% of Gentex worth $3,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of GNTX. JPMorgan Chase & Co. grew its position in shares of Gentex by 179.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after buying an additional 1,285,519 shares during the last quarter. Geode Capital Management LLC boosted its stake in Gentex by 5.6% in 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 in the last quarter. Barclays PLC boosted its stake in Gentex by 54.4% in the third quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock valued at $3,205,000 after acquiring an additional 38,027 shares in the last quarter. Reinhart Partners LLC. grew its holdings in Gentex by 1.9% in the fourth quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company’s stock worth $32,304,000 after purchasing an additional 20,624 shares during the last quarter. Finally, Hendershot Investments Inc. increased its position in shares of Gentex by 3.8% during the fourth quarter. Hendershot Investments Inc. now owns 659,066 shares of the auto parts company’s stock worth $18,935,000 after purchasing an additional 24,231 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GNTX. JPMorgan Chase & Co. lowered their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. UBS Group dropped their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a report on Monday, February 3rd. Guggenheim lowered their target price 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. Finally, B. Riley restated a “buy” rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Gentex has a consensus rating of “Hold” and a consensus target price of $32.31.

Gentex Trading Up 0.5 %

Shares of NASDAQ:GNTX opened at $24.50 on Tuesday. Gentex Co. has a twelve month low of $24.10 and a twelve month high of $37.58. The company has a market cap of $5.57 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. The company’s 50 day moving average is $27.10 and its 200 day moving average is $29.02.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data 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. Equities research analysts predict that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

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.