Systematic Financial Management LP Grows Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Systematic Financial Management LP boosted its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,487 shares of the auto parts company's stock after purchasing an additional 21,436 shares during the quarter. Systematic Financial Management LP owned about 0.14% of Gentex worth $9,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Gentex by 6.1% during the 4th quarter. Wellington Management Group LLP now owns 18,023,056 shares of the auto parts company's stock valued at $517,802,000 after buying an additional 1,038,912 shares in the last quarter. Geode Capital Management LLC grew its holdings in Gentex by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,423,820 shares of the auto parts company's stock worth $155,861,000 after acquiring an additional 55,816 shares during the last quarter. TD Asset Management Inc. grew its holdings in Gentex by 7.1% in the 4th quarter. TD Asset Management Inc. now owns 5,415,871 shares of the auto parts company's stock worth $155,598,000 after acquiring an additional 356,854 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Gentex by 162.4% in the 4th quarter. JPMorgan Chase & Co. now owns 5,249,230 shares of the auto parts company's stock worth $150,810,000 after purchasing an additional 3,248,434 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Gentex by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,495,516 shares of the auto parts company's stock worth $129,156,000 after purchasing an additional 192,375 shares during the period. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Stock Down 2.1%

Gentex stock traded down $0.48 during mid-day trading on Tuesday, reaching $22.56. 2,081,470 shares of the company's stock traded hands, compared to its average volume of 1,789,686. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.84 and a beta of 0.85. The stock has a 50 day moving average of $22.44 and a two-hundred day moving average of $25.95. Gentex Co. has a 12-month low of $20.28 and a 12-month high of $35.32.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Gentex had a net margin of 17.49% and a return on equity of 16.74%. The business had revenue of $576.77 million for the quarter, compared to the consensus estimate of $578.68 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Wednesday, April 9th. Gentex's payout ratio is presently 28.07%.

Insider Transactions at Gentex

In other Gentex news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $22.87, for a total transaction of $86,082.68. Following the transaction, the director now directly owns 5,939 shares in the company, valued at $135,824.93. This represents a 38.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GNTX shares. JPMorgan Chase & Co. lowered their price target 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 reiterated a "buy" rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Robert W. Baird reaffirmed a "neutral" rating and set a $25.00 target price (down from $31.00) on shares of Gentex in a report on Tuesday, April 15th. Guggenheim reduced their target price on shares of Gentex from $30.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Baird R W lowered shares of Gentex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $28.31.

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.