Charles Schwab Investment Management Inc. Has $50.67 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Charles Schwab Investment Management Inc. lifted its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,551,424 shares of the auto parts company's stock after purchasing an additional 33,225 shares during the period. Charles Schwab Investment Management Inc. owned about 0.67% of Gentex worth $50,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC grew its stake in Gentex by 6.9% during the fourth quarter. Private Advisor Group LLC now owns 19,064 shares of the auto parts company's stock valued at $623,000 after acquiring an additional 1,223 shares in the last quarter. National Bank of Canada FI grew its position in shares of Gentex by 159.1% during the fourth quarter. National Bank of Canada FI now owns 930 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 571 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Gentex by 4.3% in the fourth quarter. M&T Bank Corp now owns 25,321 shares of the auto parts company's stock worth $828,000 after purchasing an additional 1,035 shares during the last quarter. Amalgamated Bank lifted its position in shares of Gentex by 1.4% in the fourth quarter. Amalgamated Bank now owns 154,931 shares of the auto parts company's stock worth $5,060,000 after buying an additional 2,122 shares in the last quarter. Finally, Buckhead Capital Management LLC boosted its stake in Gentex by 14.7% during the fourth quarter. Buckhead Capital Management LLC now owns 132,415 shares of the auto parts company's stock valued at $4,325,000 after buying an additional 16,978 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Price Performance

GNTX traded up $0.03 on Friday, reaching $34.65. 737,153 shares of the stock were exchanged, compared to its average volume of 1,299,988. The company's 50-day moving average price is $35.18 and its 200 day moving average price is $33.52. The firm has a market capitalization of $8.01 billion, a PE ratio of 18.33, a PEG ratio of 0.76 and a beta of 0.98. Gentex Co. has a fifty-two week low of $25.86 and a fifty-two week high of $37.58.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its earnings results on Friday, April 26th. The auto parts company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Gentex had a net margin of 18.77% and a return on equity of 19.19%. The firm had revenue of $590.23 million during the quarter, compared to analysts' expectations of $600.38 million. During the same quarter in the prior year, the company earned $0.42 EPS. Gentex's quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that Gentex Co. will post 2.11 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, April 4th. Gentex's dividend payout ratio (DPR) is 25.40%.

Insider Buying and Selling at Gentex

In related news, CFO Kevin C. Nash sold 13,500 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total transaction of $446,040.00. Following the sale, the chief financial officer now owns 44,321 shares in the company, valued at $1,464,365.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GNTX has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on shares of Gentex from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, January 29th. B. Riley upped their target price on shares of Gentex from $42.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price target on Gentex from $36.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, January 25th. StockNews.com downgraded Gentex from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Guggenheim lifted their target price on Gentex from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $37.83.

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.