Cambiar Investors LLC Cuts Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Cambiar Investors LLC trimmed its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,088 shares of the auto parts company’s stock after selling 105,888 shares during the period. Cambiar Investors LLC owned about 0.14% of Gentex worth $9,369,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GNTX shares. Guggenheim lowered their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Robert W. Baird upped their price objective on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. B. Riley reaffirmed a “buy” rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. UBS Group lowered their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Bank of America lowered their price objective on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Six equities research 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 currently has a consensus rating of “Hold” and an average price target of $33.06.

Gentex Price Performance

GNTX stock opened at $24.81 on Tuesday. Gentex Co. has a 1 year low of $24.57 and a 1 year high of $37.58. The company has a market cap of $5.64 billion, a P/E ratio of 14.10, a PEG ratio of 0.86 and a beta of 0.91. The firm has a 50-day moving average of $28.39 and a 200 day moving average of $29.46.

Gentex (NASDAQ:GNTX) last announced its earnings results 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 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the company posted $0.50 EPS. On average, equities research analysts expect that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s dividend payout ratio is 27.27%.

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.