Gentex Co. (NASDAQ:GNTX) Shares Sold by LVZ Inc.

LVZ Inc. lessened its stake in Gentex Co. (NASDAQ:GNTX) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,952 shares of the auto parts company’s stock after selling 1,229 shares during the quarter. LVZ Inc.’s holdings in Gentex were worth $573,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Gentex by 179.7% during 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 acquiring an additional 1,285,519 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 285,802 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Gentex by 16.1% during 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 period. Barclays PLC boosted its holdings in Gentex by 54.4% during the third 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 in the last quarter. Finally, BCGM Wealth Management LLC boosted its stake 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 valued at $1,630,000 after buying an additional 22,180 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Performance

GNTX opened at $24.00 on Wednesday. The stock has a fifty day moving average of $26.50 and a 200-day moving average of $28.82. The company has a market capitalization of $5.45 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.84 and a beta of 0.91. Gentex Co. has a fifty-two week low of $23.63 and a fifty-two week high of $37.58.

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 return on equity of 16.74% and a net margin of 17.49%. During the same quarter last year, the firm posted $0.50 earnings per share. On average, equities research analysts predict that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Wednesday, April 9th. Gentex’s dividend payout ratio is currently 27.27%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GNTX. B. Riley restated a “buy” rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a research report on Monday, February 3rd. Guggenheim decreased their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, UBS Group dropped their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock 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. According to MarketBeat.com, Gentex presently has a consensus rating of “Hold” and a consensus target price of $32.31.

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.