Gentex Co. (NASDAQ:GNTX) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Gentex Co. (NASDAQ:GNTX) by 28.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,708 shares of the auto parts company’s stock after selling 38,312 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Gentex were worth $2,807,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new position in Gentex in the fourth quarter valued at approximately $26,000. Synergy Asset Management LLC acquired a new position in shares of Gentex in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 purchasing an additional 593 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Gentex during the 3rd quarter worth about $125,000. Finally, GAMMA Investing LLC raised its holdings in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after buying an additional 3,152 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Guggenheim set a $30.00 target price on shares of Gentex in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered 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. Robert W. Baird set a $31.00 target price on Gentex in a research report on Monday, February 3rd. B. Riley restated a “buy” rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.81.

Gentex Trading Down 0.7 %

NASDAQ:GNTX opened at $24.14 on Tuesday. Gentex Co. has a 12-month low of $23.63 and a 12-month high of $36.75. The firm has a market cap of $5.48 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The stock has a fifty day moving average price of $25.79 and a 200 day moving average price of $28.44.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the firm posted $0.50 earnings per share. Equities analysts forecast that Gentex Co. will post 2.04 EPS for the current 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 given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, April 9th. Gentex’s dividend payout ratio is presently 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.