Bank of Montreal Can Has $10.64 Million Holdings in Gentex Co. (NASDAQ:GNTX)

Bank of Montreal Can lowered its position in Gentex Co. (NASDAQ:GNTX) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 370,297 shares of the auto parts company’s stock after selling 7,378 shares during the period. Bank of Montreal Can’s holdings in Gentex were worth $10,639,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Gentex by 179.7% in the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after purchasing an additional 1,285,519 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Gentex by 16.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock worth $80,079,000 after buying an additional 386,461 shares during the period. Geode Capital Management LLC increased its stake in shares of Gentex by 5.6% in the 3rd 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. LPL Financial LLC lifted its position in shares of Gentex by 31.6% during the 4th quarter. LPL Financial LLC now owns 189,254 shares of the auto parts company’s stock valued at $5,437,000 after acquiring an additional 45,475 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Gentex during the fourth quarter worth $24,479,000. 86.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group decreased their price target on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Guggenheim set a $30.00 price target on Gentex in a report on Wednesday, March 5th. Robert W. Baird set a $31.00 price objective on Gentex in a report on Monday, February 3rd. Finally, B. Riley reiterated a “buy” rating and issued a $32.50 target price (down 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 has a consensus rating of “Hold” and an average price target of $29.81.

Gentex Stock Up 1.1 %

GNTX stock opened at $21.17 on Monday. The stock’s 50 day moving average is $23.89 and its 200-day moving average is $27.40. Gentex Co. has a twelve month low of $20.28 and a twelve month high of $35.33. The firm has a market capitalization of $4.79 billion, a PE ratio of 12.03, a P/E/G ratio of 0.84 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last posted 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 return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the previous year, the company earned $0.50 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.27%. Gentex’s dividend payout ratio (DPR) 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.