Buckhead Capital Management LLC Sells 2,913 Shares of Gentex Co. (NASDAQ:GNTX)

Buckhead Capital Management LLC lessened its position in shares of Gentex Co. (NASDAQ:GNTX) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,618 shares of the auto parts company’s stock after selling 2,913 shares during the period. Buckhead Capital Management LLC owned about 0.05% of Gentex worth $3,350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNTX. Creative Planning raised its holdings in shares of Gentex by 27.7% in the third quarter. Creative Planning now owns 77,519 shares of the auto parts company’s stock valued at $2,302,000 after purchasing an additional 16,834 shares during the last quarter. nVerses Capital LLC bought a new position in Gentex in the third quarter valued at $493,000. Bleakley Financial Group LLC increased its stake in Gentex by 5.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 31,061 shares of the auto parts company’s stock valued at $922,000 after buying an additional 1,740 shares during the last quarter. Marshall Financial Group LLC lifted its position in Gentex by 2.9% during the 3rd quarter. Marshall Financial Group LLC now owns 31,272 shares of the auto parts company’s stock worth $928,000 after buying an additional 868 shares in the last quarter. Finally, Cardinal Capital Management boosted its stake in shares of Gentex by 12.5% during the 3rd quarter. Cardinal Capital Management now owns 63,298 shares of the auto parts company’s stock worth $1,879,000 after buying an additional 7,011 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Trading Down 0.1 %

GNTX opened at $24.36 on Friday. The stock’s fifty day simple moving average is $28.05 and its 200 day simple moving average is $29.33. Gentex Co. has a 1-year low of $24.35 and a 1-year high of $37.58. The stock has a market cap of $5.54 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the business earned $0.50 earnings per share. Equities analysts forecast that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

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

Analyst Ratings Changes

GNTX has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. B. Riley reaffirmed a “buy” rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Guggenheim decreased their target price 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. Finally, UBS Group dropped their price target 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Gentex presently has a consensus rating of “Hold” and an average target price of $33.06.

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.