Capital Fund Management S.A. Trims Stock Position in Gentex Co. (NASDAQ:GNTX)

Capital Fund Management S.A. lowered its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 40.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,159 shares of the auto parts company's stock after selling 51,334 shares during the quarter. Capital Fund Management S.A.'s holdings in Gentex were worth $2,159,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Midwest Capital Advisors LLC purchased a new position in Gentex during the fourth quarter valued at $26,000. TD Private Client Wealth LLC lifted its stake in Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock worth $33,000 after purchasing an additional 662 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of Gentex during the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Gentex by 32.5% in 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 during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Gentex during the fourth quarter worth $96,000. 86.76% of the stock is currently owned by institutional investors.

Gentex Stock Performance

Shares of Gentex stock traded up $0.49 on Friday, reaching $21.56. The company had a trading volume of 2,276,125 shares, compared to its average volume of 1,696,825. The firm has a market cap of $4.88 billion, a PE ratio of 12.25, a PEG ratio of 0.84 and a beta of 0.84. The firm's 50 day moving average price is $23.52 and its two-hundred day moving average price is $27.11. 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 quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same period in the previous year, the business earned $0.50 EPS. As a group, sell-side analysts predict that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.23%. Gentex's dividend payout ratio (DPR) is 27.27%.

Analyst Ratings Changes

Several research firms have recently commented on GNTX. Robert W. Baird restated a "neutral" rating and issued a $25.00 price target (down previously from $31.00) on shares of Gentex in a report on Tuesday, April 15th. Baird R W cut shares of Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Guggenheim set a $30.00 target price on Gentex in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group cut their price target on shares of Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $29.06.

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.