Dimensional Fund Advisors LP Has $129.16 Million Stock Position in Gentex Co. (NASDAQ:GNTX)

Dimensional Fund Advisors LP boosted its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,495,516 shares of the auto parts company's stock after buying an additional 192,375 shares during the period. Dimensional Fund Advisors LP owned approximately 1.98% of Gentex worth $129,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Midwest Capital Advisors LLC bought a new position in shares of Gentex in the 4th quarter worth $26,000. TD Private Client Wealth LLC boosted its holdings in Gentex by 138.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock worth $33,000 after buying an additional 662 shares during the last quarter. Synergy Asset Management LLC acquired a new position in shares of Gentex during the 4th quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted 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 worth $70,000 after acquiring an additional 593 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Gentex during the fourth quarter valued at approximately $96,000. 86.76% of the stock is owned by institutional investors.

Gentex Price Performance

GNTX stock traded down $0.03 during trading hours on Thursday, reaching $21.76. The stock had a trading volume of 291,472 shares, compared to its average volume of 1,720,031. The stock has a market capitalization of $4.92 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. The stock has a 50-day simple moving average of $23.07 and a 200 day simple moving average of $26.73. Gentex Co. has a fifty-two week low of $20.28 and a fifty-two week high of $35.33.

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

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.21%. Gentex's dividend payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GNTX. JPMorgan Chase & Co. dropped their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. UBS Group cut their price target on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird reaffirmed a "neutral" rating and issued a $25.00 price objective (down from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. Baird R W cut Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Guggenheim cut their price target on Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.