Gentex Co. (NASDAQ:GNTX) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,517 shares of the auto parts company's stock after buying an additional 34,601 shares during the period. Stifel Financial Corp owned about 0.06% of Gentex worth $3,894,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Gentex by 179.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company's stock worth $59,404,000 after buying an additional 1,285,519 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Gentex by 16.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company's stock worth $80,079,000 after purchasing an additional 386,461 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Gentex by 31.6% during the 4th quarter. LPL Financial LLC now owns 189,254 shares of the auto parts company's stock worth $5,437,000 after purchasing an additional 45,475 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Gentex during the 4th quarter worth approximately $24,479,000. Finally, Marshall Wace LLP acquired a new position in shares of Gentex during the 4th quarter worth approximately $10,868,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group lowered their target price on Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group lowered their target price on Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. B. Riley reiterated a "buy" rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Finally, Baird R W cut Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.31.

Gentex Trading Down 0.6 %

GNTX opened at $21.66 on Friday. The stock's 50-day moving average price is $23.02 and its 200 day moving average price is $26.68. Gentex Co. has a 12-month low of $20.28 and a 12-month high of $35.33. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.84 and a beta of 0.84.

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

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex's dividend payout ratio (DPR) is 28.07%.

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.

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