Gentex Co. (NASDAQ:GNTX) Shares Purchased by Centurion Wealth Management LLC

Centurion Wealth Management LLC raised its holdings in Gentex Co. (NASDAQ:GNTX) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,011 shares of the auto parts company’s stock after acquiring an additional 652 shares during the period. Centurion Wealth Management LLC’s holdings in Gentex were worth $259,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake 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 worth $59,404,000 after acquiring an additional 1,285,519 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Gentex in the fourth quarter valued at about $24,479,000. Bridgewater Associates LP increased its position in Gentex by 249.1% during the third quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company’s stock worth $18,338,000 after purchasing an additional 440,725 shares during the last quarter. Cidel Asset Management Inc. purchased a new position in Gentex during the fourth quarter worth about $11,815,000. Finally, Bank of New York Mellon Corp boosted its holdings in 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 valued at $80,079,000 after purchasing an additional 386,461 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $24.31 on Monday. The firm has a market capitalization of $5.52 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Gentex Co. has a 1 year low of $23.63 and a 1 year high of $36.75. The firm’s 50-day moving average is $25.87 and its two-hundred day moving average is $28.49.

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 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 EPS. Analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s payout ratio is currently 27.27%.

Analyst Upgrades and Downgrades

GNTX has been the topic of a number of recent analyst reports. Robert W. Baird set a $31.00 price objective on Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Guggenheim set a $30.00 target price on shares of Gentex in a research report on Wednesday, March 5th. Finally, B. Riley reissued a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.81.

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.