O Shaughnessy Asset Management LLC Sells 1,782 Shares of Gentex Co. (NASDAQ:GNTX)

O Shaughnessy Asset Management LLC trimmed its stake in Gentex Co. (NASDAQ:GNTX) by 13.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,747 shares of the auto parts company’s stock after selling 1,782 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Gentex were worth $337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Gentex by 179.7% during the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after buying an additional 1,285,519 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Gentex by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock worth $80,079,000 after acquiring an additional 386,461 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Gentex by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock worth $159,406,000 after purchasing an additional 285,802 shares during the period. Raymond James Financial Inc. bought a new position in Gentex during the 4th quarter valued at about $24,479,000. Finally, BCGM Wealth Management LLC raised its position in Gentex by 64.2% in the 4th quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company’s stock worth $1,630,000 after purchasing an additional 22,180 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Trading Up 1.1 %

Shares of Gentex stock opened at $21.17 on Friday. Gentex Co. has a 12 month low of $20.28 and a 12 month high of $35.33. The stock’s fifty day moving average price is $23.89 and its 200-day moving average price is $27.43. The firm has a market cap of $4.79 billion, a P/E ratio of 12.03, a P/E/G ratio of 0.84 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the business posted $0.50 earnings per share. Analysts forecast that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.27%. Gentex’s dividend payout ratio (DPR) is presently 27.27%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GNTX shares. The Goldman Sachs Group dropped their target price on Gentex from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday. Guggenheim set a $30.00 price objective on Gentex in a research report on Wednesday, March 5th. B. Riley reiterated a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 target price on shares of Gentex in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $29.81.

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.