Rowlandmiller & PARTNERS.ADV Sells 446 Shares of Gentex Co. (NASDAQ:GNTX)

Rowlandmiller & PARTNERS.ADV trimmed its position in shares of Gentex Co. (NASDAQ:GNTX) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,112 shares of the auto parts company’s stock after selling 446 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Gentex were worth $1,038,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GNTX. JPMorgan Chase & Co. boosted its holdings in Gentex by 179.7% during the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after acquiring an additional 1,285,519 shares during the period. Bridgewater Associates LP raised its position in shares of Gentex by 249.1% during the third quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company’s stock valued at $18,338,000 after buying an additional 440,725 shares during the last quarter. Cidel Asset Management Inc. acquired a new position in shares of Gentex during the fourth quarter valued at about $11,815,000. Citigroup Inc. raised its position in shares of Gentex by 327.8% during the third quarter. Citigroup Inc. now owns 483,842 shares of the auto parts company’s stock valued at $14,365,000 after buying an additional 370,746 shares during the last quarter. Finally, Lightrock Netherlands B.V. acquired a new position in shares of Gentex during the fourth quarter valued at about $9,443,000. 86.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GNTX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. B. Riley reaffirmed a “buy” rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex 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. UBS Group cut 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. Finally, Guggenheim dropped their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Gentex currently has a consensus rating of “Hold” and an average price target of $32.31.

Gentex Stock Down 0.9 %

NASDAQ:GNTX opened at $24.37 on Monday. Gentex Co. has a 12-month low of $24.20 and a 12-month high of $37.58. The firm has a market capitalization of $5.54 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. The firm has a 50-day moving average price of $27.21 and a 200 day moving average price of $29.05.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing the consensus estimate 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 EPS. On average, research analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Wednesday, January 8th. Gentex’s payout ratio is 27.27%.

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.