Robert W. Baird Reiterates Neutral Rating for Gentex (NASDAQ:GNTX)

Gentex (NASDAQ:GNTX - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at Robert W. Baird in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $25.00 price objective on the auto parts company's stock, down from their prior price objective of $31.00. Robert W. Baird's price objective would indicate a potential upside of 15.96% from the stock's current price.

A number of other research analysts also recently issued reports on GNTX. JPMorgan Chase & Co. cut their price target 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 cut their target price on Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. B. Riley reissued a "buy" rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 price objective on shares of Gentex in a research report on Wednesday, March 5th. Finally, UBS Group lowered their target price on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Gentex presently has a consensus rating of "Hold" and an average price target of $29.06.

Gentex Trading Up 2.3 %

Shares of GNTX traded up $0.49 during midday trading on Tuesday, reaching $21.56. 2,276,125 shares of the stock were exchanged, compared to its average volume of 1,696,825. The company's 50 day moving average is $23.52 and its two-hundred day moving average is $27.12. The company has a market capitalization of $4.88 billion, a P/E ratio of 12.25, a PEG ratio of 0.84 and a beta of 0.84. Gentex has a 52 week low of $20.28 and a 52 week high of $35.33.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the previous year, the company posted $0.50 EPS. On average, sell-side analysts expect that Gentex will post 2.04 EPS for the current year.

Institutional Investors Weigh In On Gentex

A number of large investors have recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in Gentex during the 4th quarter valued at approximately $26,000. TD Private Client Wealth LLC raised its holdings in shares of 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 purchasing an additional 662 shares during the last quarter. Synergy Asset Management LLC acquired a new position in Gentex during the fourth quarter valued at $34,000. Harbor Investment Advisory LLC boosted its holdings in Gentex by 208.2% in the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 1,093 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Gentex by 103.3% during the 1st quarter. UMB Bank n.a. now owns 2,124 shares of the auto parts company's stock worth $49,000 after purchasing an additional 1,079 shares during the period. Hedge funds and other institutional investors own 86.76% of the company's stock.

About Gentex

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.