Barclays PLC boosted its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 66.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,659 shares of the auto parts company's stock after acquiring an additional 71,729 shares during the quarter. Barclays PLC owned 0.08% of Gentex worth $5,162,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Grandeur Peak Global Advisors LLC boosted its stake in shares of Gentex by 69.5% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 59,772 shares of the auto parts company's stock valued at $1,717,000 after purchasing an additional 24,509 shares during the period. Covestor Ltd boosted its position in Gentex by 49.8% in the 4th quarter. Covestor Ltd now owns 7,379 shares of the auto parts company's stock valued at $212,000 after buying an additional 2,454 shares during the period. Treasurer of the State of North Carolina grew its stake in Gentex by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 101,711 shares of the auto parts company's stock worth $2,922,000 after acquiring an additional 640 shares in the last quarter. Scotia Capital Inc. increased its position in shares of Gentex by 0.5% during the fourth quarter. Scotia Capital Inc. now owns 126,325 shares of the auto parts company's stock worth $3,629,000 after acquiring an additional 608 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Gentex during the fourth quarter valued at approximately $24,479,000. Institutional investors own 86.76% of the company's stock.
Gentex Price Performance
NASDAQ GNTX traded down $0.13 on Friday, hitting $21.53. The stock had a trading volume of 787,180 shares, compared to its average volume of 1,722,810. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. The business's fifty day moving average price is $23.02 and its 200 day moving average price is $26.68. Gentex Co. has a 52-week low of $20.28 and a 52-week high of $35.33.
Gentex (NASDAQ:GNTX - Get Free Report) last released its earnings results on Friday, April 25th. The auto parts company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The company had revenue of $576.77 million during the quarter, compared to analysts' expectations of $578.68 million. Gentex had a net margin of 17.49% and a return on equity of 16.74%. Gentex's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. As a group, sell-side analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.
Gentex Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex's payout ratio is 28.07%.
Analyst Upgrades and Downgrades
Several research firms have commented on GNTX. JPMorgan Chase & Co. reduced their price objective on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on Gentex from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Guggenheim dropped their target price on shares of Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Baird R W cut shares of Gentex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Robert W. Baird reissued a "neutral" rating and set a $25.00 price objective (down from $31.00) on shares of Gentex in a report on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Gentex currently has a consensus rating of "Hold" and an average price target of $28.31.
Check Out Our Latest Report on Gentex
Gentex Company Profile
(
Free Report)
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.
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