New Age Alpha Advisors LLC Takes $1.30 Million Position in Gentex Co. (NASDAQ:GNTX)

New Age Alpha Advisors LLC acquired a new position in shares of Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 45,265 shares of the auto parts company’s stock, valued at approximately $1,300,000.

A number of other institutional investors also recently bought and sold shares of GNTX. Charles Schwab Investment Management Inc. raised its position in shares of Gentex by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company’s stock valued at $46,163,000 after buying an additional 6,106 shares during the period. BNP Paribas Financial Markets raised its position in Gentex by 26.2% in the third quarter. BNP Paribas Financial Markets now owns 51,393 shares of the auto parts company’s stock valued at $1,526,000 after purchasing an additional 10,658 shares during the period. Northwest & Ethical Investments L.P. lifted its stake in shares of Gentex by 42.7% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 14,779 shares of the auto parts company’s stock valued at $439,000 after purchasing an additional 4,424 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Gentex during the 3rd quarter worth $366,000. Finally, Kestra Investment Management LLC grew its holdings in shares of Gentex by 8.3% during the 3rd quarter. Kestra Investment Management LLC now owns 43,568 shares of the auto parts company’s stock worth $1,294,000 after purchasing an additional 3,353 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price 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. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th. 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. Finally, UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report 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 stock. Based on data from MarketBeat, Gentex currently has a consensus rating of “Hold” and a consensus price target of $31.81.

Gentex Trading Down 2.0 %

NASDAQ:GNTX opened at $23.40 on Monday. Gentex Co. has a 12-month low of $23.20 and a 12-month high of $36.46. The firm has a market cap of $5.32 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The stock has a fifty day moving average price of $25.20 and a 200 day moving average price of $28.05.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 posted $0.50 earnings per share. Equities analysts forecast that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio (DPR) is presently 27.27%.

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.