Voya Investment Management LLC trimmed its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,441 shares of the auto parts company's stock after selling 103,639 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of Gentex worth $6,764,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Barclays PLC raised its position in shares of Gentex by 54.4% in the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company's stock worth $3,205,000 after acquiring an additional 38,027 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Gentex during the third quarter valued at about $326,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Gentex during the third quarter valued at about $125,000. Tidal Investments LLC boosted its holdings in shares of Gentex by 1.2% in the 3rd quarter. Tidal Investments LLC now owns 59,958 shares of the auto parts company's stock valued at $1,780,000 after buying an additional 736 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in shares of Gentex by 119.8% during the 3rd quarter. Synovus Financial Corp now owns 47,136 shares of the auto parts company's stock worth $1,400,000 after acquiring an additional 25,693 shares in the last quarter. Institutional investors own 86.76% of the company's stock.
Gentex Trading Down 0.4 %
Shares of GNTX stock traded down $0.09 during trading hours on Friday, hitting $21.57. The company's stock had a trading volume of 2,757,729 shares, compared to its average volume of 1,732,243. The company has a 50 day moving average of $22.96 and a 200 day moving average of $26.62. Gentex Co. has a 12-month low of $20.28 and a 12-month high of $35.33. The stock has a market cap of $4.88 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84.
Gentex (NASDAQ:GNTX - Get Free Report) last announced its 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. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The firm had revenue of $576.77 million for the quarter, compared to analyst estimates of $578.68 million. During the same quarter last year, the firm posted $0.47 EPS. The business's revenue was down 2.3% on a year-over-year basis. As a group, analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.
Gentex Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were paid 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 2.23%. Gentex's dividend payout ratio (DPR) is presently 28.07%.
Analyst Ratings Changes
Several equities analysts have issued reports on GNTX shares. The Goldman Sachs Group cut their price target 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 decreased their price target on Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Robert W. Baird restated a "neutral" rating and set a $25.00 price target (down previously from $31.00) on shares of Gentex in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on shares of Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, 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 research report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $28.31.
Read Our Latest Analysis on GNTX
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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