Gentex Co. (NASDAQ:GNTX) Shares Sold by United Services Automobile Association

United Services Automobile Association cut its stake in shares of Gentex Co. (NASDAQ:GNTX) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,583 shares of the auto parts company’s stock after selling 1,029 shares during the period. United Services Automobile Association’s holdings in Gentex were worth $419,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GNTX. Midwest Capital Advisors LLC acquired a new stake in Gentex during the 4th quarter worth about $26,000. TD Private Client Wealth LLC increased its position in shares of Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after acquiring an additional 662 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Gentex during the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 acquiring an additional 593 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Gentex in the 3rd quarter worth approximately $125,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GNTX. Guggenheim set a $30.00 target price on Gentex in a report on Wednesday, March 5th. UBS Group reduced their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 target price on Gentex in a research note on Monday, February 3rd. B. Riley reissued a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Six 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, Gentex has an average rating of “Hold” and a consensus target price of $31.81.

Gentex Stock Performance

Shares of NASDAQ GNTX opened at $24.43 on Tuesday. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.84 and a beta of 0.90. The business has a 50 day simple moving average of $25.47 and a 200 day simple moving average of $28.20. Gentex Co. has a 52 week low of $23.50 and a 52 week high of $36.46.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 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 quarter in the prior year, the company earned $0.50 earnings per share. On average, analysts predict that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s 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.