Northern Trust Corp increased its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,236,718 shares of the auto parts company's stock after purchasing an additional 514,920 shares during the quarter. Northern Trust Corp owned about 0.98% of Gentex worth $64,261,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Midwest Capital Advisors LLC bought a new stake in shares of Gentex in the 4th quarter worth approximately $26,000. TD Private Client Wealth LLC lifted its position in shares of 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 acquiring an additional 662 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of Gentex during the 4th quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company's stock worth $70,000 after acquiring an additional 593 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Gentex during the fourth quarter worth $96,000. Institutional investors own 86.76% of the company's stock.
Gentex Trading Up 0.2 %
NASDAQ GNTX traded up $0.04 during trading on Friday, reaching $22.21. The company's stock had a trading volume of 1,314,338 shares, compared to its average volume of 1,743,400. The stock has a market capitalization of $4.99 billion, a PE ratio of 12.62, a PEG ratio of 0.84 and a beta of 0.85. Gentex Co. has a 1-year low of $20.28 and a 1-year high of $35.33. The business has a 50-day moving average price of $22.71 and a 200-day moving average price of $26.34.
Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. Gentex had a net margin of 17.49% and a return on equity of 16.74%. The firm had revenue of $576.77 million during the quarter, compared to analysts' expectations of $578.68 million. During the same period in the prior year, the company posted $0.47 earnings per share. Gentex's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.
Gentex Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.16%. Gentex's payout ratio is currently 28.07%.
Wall Street Analyst Weigh In
Several brokerages have commented on GNTX. UBS Group decreased their target price 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 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 set a $25.00 price target (down previously from $31.00) on shares of Gentex in a report on Tuesday, April 15th. B. Riley reissued a "buy" rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered 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. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.31.
Read Our Latest Stock Report on Gentex
About Gentex
(
Free Report)
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.
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