Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Position in Gentex Co. (NASDAQ:GNTX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Gentex Co. (NASDAQ:GNTX) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 50,229 shares of the auto parts company’s stock after selling 518 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Gentex were worth $1,443,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GNTX. Coldstream Capital Management Inc. boosted its stake in Gentex by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 408 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after buying an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Gentex by 6.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock worth $214,000 after acquiring an additional 457 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew 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 valued at $70,000 after acquiring an additional 593 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in Gentex by 1.6% in the 3rd quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company’s stock valued at $1,209,000 after acquiring an additional 650 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. B. Riley restated a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim set a $30.00 price objective on Gentex in a research note on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a report on Monday, February 3rd. Finally, UBS Group dropped their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.81.

Gentex Trading Up 0.4 %

NASDAQ GNTX opened at $24.52 on Wednesday. The stock has a market cap of $5.57 billion, a PE ratio of 13.93, a P/E/G ratio of 0.84 and a beta of 0.90. Gentex Co. has a twelve month low of $23.50 and a twelve month high of $36.46. The stock has a fifty day simple moving average of $25.42 and a 200-day simple moving average of $28.16.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 earned $0.50 EPS. Research analysts predict that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The company also recently announced 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 yield of 1.96%. 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.