Gentex Co. (NASDAQ:GNTX) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. reduced its position in shares of Gentex Co. (NASDAQ:GNTX) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,625 shares of the auto parts company’s stock after selling 1,154 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Gentex were worth $391,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in Gentex during the 4th quarter worth approximately $26,000. Synergy Asset Management LLC purchased a new stake in Gentex during the 4th quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Gentex by 32.5% during 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 buying an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Gentex during the 3rd quarter worth approximately $125,000. Finally, GAMMA Investing LLC increased its stake in 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 buying an additional 3,152 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Stock Performance

Shares of Gentex stock opened at $23.91 on Friday. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.84 and a beta of 0.90. Gentex Co. has a fifty-two week low of $23.50 and a fifty-two week high of $36.49. The stock has a 50 day moving average of $25.53 and a 200 day moving average of $28.27.

Gentex (NASDAQ:GNTX) last released 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 period last year, the firm earned $0.50 EPS. Analysts forecast that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, April 9th. Gentex’s dividend payout ratio (DPR) is 27.27%.

Analysts Set New Price Targets

Several equities research analysts have commented on GNTX shares. B. Riley reiterated a “buy” rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 price target on Gentex in a research report on Wednesday, March 5th. Finally, UBS Group dropped their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently 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.