Gentex Co. (NASDAQ:GNTX) Shares Sold by Nitorum Capital L.P.

Nitorum Capital L.P. decreased its holdings in Gentex Co. (NASDAQ:GNTX - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 677,699 shares of the auto parts company's stock after selling 30,786 shares during the period. Gentex comprises approximately 2.2% of Nitorum Capital L.P.'s holdings, making the stock its 22nd largest holding. Nitorum Capital L.P. owned approximately 0.30% of Gentex worth $19,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GNTX. Midwest Capital Advisors LLC bought a new stake in shares of Gentex in the 4th quarter valued at about $26,000. TD Private Client Wealth LLC increased its stake in Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock valued at $33,000 after purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC acquired a new position in Gentex during the 4th quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Gentex during the 4th quarter valued at approximately $96,000. 86.76% of the stock is currently owned by institutional investors.

Gentex Trading Up 0.1 %

NASDAQ:GNTX traded up $0.03 during trading hours on Thursday, hitting $21.81. 487,366 shares of the stock were exchanged, compared to its average volume of 1,720,903. The firm's fifty day moving average price is $23.07 and its 200 day moving average price is $26.73. The company has a market cap of $4.93 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.84 and a beta of 0.84. Gentex Co. 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 quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The business had revenue of $576.77 million during the quarter, compared to analyst estimates of $578.68 million. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The business's revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. Equities analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a $0.12 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.20%. Gentex's dividend payout ratio (DPR) is presently 28.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GNTX. UBS Group dropped their price objective on shares of Gentex from $29.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. 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 research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Baird R W lowered shares of Gentex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.