Gentex Co. (NASDAQ:GNTX) Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its holdings in Gentex Co. (NASDAQ:GNTX) by 956.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,720 shares of the auto parts company’s stock after buying an additional 6,084 shares during the period. Allworth Financial LP’s holdings in Gentex were worth $188,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Gentex by 179.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after buying an additional 1,285,519 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Gentex by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock valued at $159,406,000 after buying an additional 285,802 shares during the period. Barclays PLC lifted its position in Gentex by 54.4% in the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock valued at $3,205,000 after purchasing an additional 38,027 shares during the last quarter. Reinhart Partners LLC. lifted its position in Gentex by 1.9% in the 4th quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company’s stock valued at $32,304,000 after purchasing an additional 20,624 shares during the last quarter. Finally, Hendershot Investments Inc. lifted its position in Gentex by 3.8% in the 4th quarter. Hendershot Investments Inc. now owns 659,066 shares of the auto parts company’s stock valued at $18,935,000 after purchasing an additional 24,231 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GNTX has been the topic of several recent research reports. UBS Group cut their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research report on Monday, February 3rd. Guggenheim dropped their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, B. Riley reiterated a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Gentex currently has a consensus rating of “Hold” and an average target price of $32.31.

Gentex Price Performance

NASDAQ GNTX opened at $24.37 on Friday. The company’s 50 day simple moving average is $27.21 and its 200 day simple moving average is $29.04. The company has a market capitalization of $5.54 billion, a P/E ratio of 13.85, a PEG ratio of 0.84 and a beta of 0.91. Gentex Co. has a 12 month low of $24.20 and a 12 month high of $37.58.

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

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is currently 27.27%.

Gentex 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.