Gentex Co. (NASDAQ:GNTX) Shares Purchased by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. raised its position in Gentex Co. (NASDAQ:GNTX) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 559,239 shares of the auto parts company’s stock after acquiring an additional 3,887 shares during the quarter. Gentex accounts for about 2.1% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in Gentex were worth $16,067,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in shares of Gentex during the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Gentex by 32.5% in 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Gentex during the 3rd quarter valued at approximately $125,000. GAMMA Investing LLC increased its holdings in Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after purchasing an additional 3,152 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Gentex by 13.3% in the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 667 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Stock Down 0.9 %

GNTX opened at $24.37 on Friday. The company’s 50-day moving average price is $27.34 and its 200 day moving average price is $29.08. Gentex Co. has a fifty-two week low of $24.20 and a fifty-two week high of $37.58. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 period last year, the firm earned $0.50 EPS. Research analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s payout ratio is 27.27%.

Wall Street Analyst Weigh In

GNTX has been the subject of a number of recent analyst reports. UBS Group decreased 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. Guggenheim decreased their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Robert W. Baird upped their target price on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. B. Riley reiterated 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. Finally, JPMorgan Chase & Co. cut their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.06.

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.