Creative Financial Designs Inc. ADV Lowers Stock Position in Gentex Co. (NASDAQ:GNTX)

Creative Financial Designs Inc. ADV lessened its holdings in Gentex Co. (NASDAQ:GNTX) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,011 shares of the auto parts company’s stock after selling 461 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Gentex were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC purchased a new stake in Gentex in the 4th quarter valued at approximately $26,000. Synergy Asset Management LLC purchased a new stake in Gentex in the 4th quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Gentex in the 3rd quarter valued at approximately $125,000. Finally, GAMMA Investing LLC lifted its position in shares of Gentex by 159.1% during the 4th 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 period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Guggenheim set a $30.00 price target on shares of Gentex in a research report on Wednesday, March 5th. UBS Group reduced their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. B. Riley reiterated 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. Finally, Robert W. Baird set a $31.00 price target on shares of Gentex in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Gentex presently has an average rating of “Hold” and an average price target of $31.81.

Gentex Price Performance

Shares of Gentex stock opened at $24.09 on Friday. Gentex Co. has a 1 year low of $23.50 and a 1 year high of $36.75. The company has a market capitalization of $5.47 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.84 and a beta of 0.90. The business has a 50 day moving average price of $25.59 and a 200 day moving average price of $28.33.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) 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 period last year, the company earned $0.50 EPS. As a group, research analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 1.99%. Gentex’s payout ratio is currently 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.