Gentex Co. (NASDAQ:GNTX) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 52.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 369,414 shares of the auto parts company's stock after purchasing an additional 126,757 shares during the quarter. Gotham Asset Management LLC owned approximately 0.16% of Gentex worth $10,613,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GNTX. Midwest Capital Advisors LLC purchased a new stake in Gentex during the fourth quarter valued at approximately $26,000. TD Private Client Wealth LLC grew its holdings 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 acquired a new position in shares of Gentex during the fourth quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 valued at $70,000 after purchasing an additional 593 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Gentex in the 4th quarter worth $96,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GNTX. Guggenheim cut their price objective on shares of Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. UBS Group decreased their price target on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Baird R W lowered shares of Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird restated a "neutral" rating and issued a $25.00 target price (down previously from $31.00) on shares of Gentex in a research note on Tuesday, April 15th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Gentex currently has a consensus rating of "Hold" and an average target price of $28.31.

Gentex Price Performance

GNTX stock traded down $0.05 during trading on Thursday, hitting $22.67. 3,860,268 shares of the company traded hands, compared to its average volume of 1,766,644. Gentex Co. has a 1 year low of $20.28 and a 1 year high of $35.32. The stock's 50-day simple moving average is $22.59 and its 200 day simple moving average is $26.21. The company has a market cap of $5.10 billion, a PE ratio of 12.88, a P/E/G ratio of 0.84 and a beta of 0.85.

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 (EPS) for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $576.77 million during the quarter, compared to analysts' expectations of $578.68 million. Gentex had a net margin of 17.49% and a return on equity of 16.74%. The business's revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Research analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex's dividend payout ratio (DPR) is presently 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.