Gentex (NASDAQ:GNTX) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Gentex (NASDAQ:GNTX - Get Free Report) had its price objective hoisted by Robert W. Baird from $25.00 to $26.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the auto parts company's stock. Robert W. Baird's price objective would suggest a potential upside of 12.65% from the company's current price.

A number of other analysts also recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. UBS Group dropped their target price 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 dropped their target price 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. Finally, Baird R W lowered shares of Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $28.44.

Gentex Stock Performance

Shares of NASDAQ:GNTX traded down $0.20 during trading on Friday, reaching $23.08. The company had a trading volume of 2,209,646 shares, compared to its average volume of 1,895,115. The firm's fifty day moving average is $22.10 and its 200 day moving average is $23.89. The firm has a market capitalization of $5.19 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81. Gentex has a twelve month low of $20.28 and a twelve month high of $35.32.

Gentex (NASDAQ:GNTX - Get Free Report) last released its earnings results on Friday, April 25th. The auto parts company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. Gentex had a net margin of 17.01% and a return on equity of 16.11%. The business had revenue of $576.77 million for the quarter, compared to the consensus estimate of $578.68 million. During the same period in the previous year, the firm earned $0.47 EPS. The business's revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts predict that Gentex will post 2.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gentex news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $22.87, for a total value of $86,082.68. Following the transaction, the director owned 5,939 shares in the company, valued at approximately $135,824.93. This represents a 38.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GNTX. Larson Financial Group LLC grew its position in Gentex by 1,471.0% in the first quarter. Larson Financial Group LLC now owns 1,084 shares of the auto parts company's stock worth $25,000 after acquiring an additional 1,015 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Gentex by 85.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,222 shares of the auto parts company's stock worth $28,000 after acquiring an additional 563 shares in the last quarter. Brooklyn Investment Group grew its position in Gentex by 305.7% in the first quarter. Brooklyn Investment Group now owns 1,217 shares of the auto parts company's stock worth $28,000 after acquiring an additional 917 shares in the last quarter. TD Private Client Wealth LLC grew its position 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 acquiring an additional 662 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its position in Gentex by 208.2% in the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company's stock worth $38,000 after acquiring an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

About Gentex

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.