Greenleaf Trust Purchases 47,997 Shares of Gentex Co. (NASDAQ:GNTX)

Greenleaf Trust boosted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 538.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,919 shares of the auto parts company’s stock after buying an additional 47,997 shares during the quarter. Greenleaf Trust’s holdings in Gentex were worth $1,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNTX. Synergy Asset Management LLC purchased a new position in shares of Gentex in the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 1,269 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex during the third quarter valued at about $125,000. GAMMA Investing LLC lifted its stake in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after purchasing an additional 3,152 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Gentex by 13.3% in the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock worth $168,000 after buying an additional 667 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GNTX has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Bank of America dropped their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.13.

Gentex Price Performance

Shares of GNTX stock opened at $25.92 on Monday. The business has a 50-day moving average of $28.94 and a 200 day moving average of $29.78. Gentex Co. has a 1-year low of $25.10 and a 1-year high of $37.58. The stock has a market capitalization of $5.89 billion, a PE ratio of 13.86, a P/E/G ratio of 0.92 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a net margin of 18.37% and a return on equity of 18.25%. During the same period in the previous year, the business posted $0.50 EPS. Analysts anticipate that Gentex Co. will post 1.86 EPS for the current year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is presently 25.67%.

Gentex Company 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.