Nebula Research & Development LLC Purchases 24,430 Shares of Gentex Co. (NASDAQ:GNTX)

Nebula Research & Development LLC lifted its stake in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 119.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,808 shares of the auto parts company's stock after buying an additional 24,430 shares during the period. Nebula Research & Development LLC's holdings in Gentex were worth $1,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Gentex by 162.4% in the 4th quarter. JPMorgan Chase & Co. now owns 5,249,230 shares of the auto parts company's stock valued at $150,810,000 after purchasing an additional 3,248,434 shares during the last quarter. Norges Bank purchased a new stake in Gentex in the 4th quarter valued at $51,959,000. Wellington Management Group LLP lifted its position in shares of Gentex by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 18,023,056 shares of the auto parts company's stock valued at $517,802,000 after purchasing an additional 1,038,912 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Gentex in the 4th quarter worth approximately $24,479,000. Finally, American Century Companies Inc. increased its position in shares of Gentex by 66.9% during the 4th quarter. American Century Companies Inc. now owns 1,657,397 shares of the auto parts company's stock valued at $47,617,000 after purchasing an additional 664,389 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Trading Down 0.2 %

Shares of GNTX stock traded down $0.04 during midday trading on Friday, reaching $21.63. 1,391,357 shares of the stock were exchanged, compared to its average volume of 1,724,910. The company's 50 day moving average is $23.02 and its two-hundred day moving average is $26.68. The firm has a market cap of $4.89 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. Gentex Co. has a 1 year low of $20.28 and a 1 year high of $35.33.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The firm had revenue of $576.77 million during the quarter, compared to analyst estimates of $578.68 million. During the same quarter in the previous year, the firm earned $0.47 EPS. Gentex's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently disclosed 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 2.22%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex's payout ratio is 28.07%.

Analyst Upgrades and Downgrades

Several research firms recently commented on GNTX. UBS Group dropped their price objective on Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Guggenheim lowered their target price on shares of Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Baird R W cut Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird reiterated a "neutral" rating and issued a $25.00 target price (down previously from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group dropped their price objective on Gentex from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $28.31.

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.