Segall Bryant & Hamill LLC Purchases 15,689 Shares of Gentex Co. (NASDAQ:GNTX)

Segall Bryant & Hamill LLC lifted its position in Gentex Co. (NASDAQ:GNTX) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 463,159 shares of the auto parts company’s stock after acquiring an additional 15,689 shares during the period. Segall Bryant & Hamill LLC’s holdings in Gentex were worth $13,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GNTX. Midwest Capital Advisors LLC bought a new position in shares of Gentex during the 4th quarter worth about $26,000. TD Private Client Wealth LLC lifted its stake in Gentex by 138.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 662 shares during the period. Synergy Asset Management LLC bought a new position in Gentex during the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Gentex by 32.5% during the fourth 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. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex in the 3rd quarter valued at approximately $125,000. 86.76% of the stock is owned by institutional investors.

Gentex Price Performance

Shares of Gentex stock opened at $24.52 on Wednesday. The firm has a 50 day simple moving average of $25.42 and a 200 day simple moving average of $28.16. Gentex Co. has a fifty-two week low of $23.50 and a fifty-two week high of $36.46. The firm has a market cap of $5.57 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.84 and a beta of 0.90.

Gentex (NASDAQ:GNTX) last released 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 net margin of 17.49% and a return on equity of 16.74%. During the same period last year, the firm earned $0.50 earnings per share. On average, sell-side analysts expect 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. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.96%. Gentex’s payout ratio is presently 27.27%.

Analysts Set New Price Targets

Several analysts recently commented on GNTX shares. 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. Guggenheim set a $30.00 target price on shares of Gentex in a research note on Wednesday, March 5th. B. Riley reiterated a “buy” rating and set a $32.50 target price (down previously 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 shares of Gentex in a research report on Monday, February 3rd. Finally, UBS Group dropped their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.