Landscape Capital Management L.L.C. Invests $644,000 in Gentex Co. (NASDAQ:GNTX)

Landscape Capital Management L.L.C. acquired a new stake in Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,426 shares of the auto parts company’s stock, valued at approximately $644,000.

A number of other institutional investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. lifted its stake in shares of Gentex by 5.8% during the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after buying an additional 408 shares during the period. 180 Wealth Advisors LLC lifted its position in Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after acquiring an additional 437 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Gentex by 6.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock valued at $214,000 after purchasing an additional 457 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of Gentex by 1.6% in the third quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company’s stock worth $1,209,000 after purchasing an additional 650 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GNTX shares. Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. UBS Group decreased their target price 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 target on Gentex in a research report on Monday, February 3rd. Finally, B. Riley reissued a “buy” rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Gentex presently has a consensus rating of “Hold” and a consensus price target of $31.81.

Gentex Trading Down 1.0 %

Shares of GNTX stock opened at $22.14 on Monday. Gentex Co. has a 12-month low of $21.56 and a 12-month high of $36.24. The business’s 50 day moving average is $24.70 and its two-hundred day moving average is $27.83. The company has a market capitalization of $5.03 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.84 and a beta of 0.84.

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

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.12 dividend. 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 27.27%.

About Gentex

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.