9,787 Shares in Gentex Co. (NASDAQ:GNTX) Purchased by Advisor OS LLC

Advisor OS 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 and Exchange Commission (SEC). The firm acquired 9,787 shares of the auto parts company’s stock, valued at approximately $281,000.

Several other hedge funds have also recently bought and sold shares of GNTX. Assenagon Asset Management S.A. lifted its position in Gentex by 24.9% during the third quarter. Assenagon Asset Management S.A. now owns 76,016 shares of the auto parts company’s stock worth $2,257,000 after acquiring an additional 15,145 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Gentex by 1.4% during the third quarter. State of Alaska Department of Revenue now owns 104,287 shares of the auto parts company’s stock worth $3,096,000 after acquiring an additional 1,440 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in Gentex by 2.1% during the third quarter. Pinnacle Associates Ltd. now owns 72,585 shares of the auto parts company’s stock worth $2,371,000 after acquiring an additional 1,525 shares during the last quarter. S.A. Mason LLC lifted its position in Gentex by 3.2% during the third quarter. S.A. Mason LLC now owns 26,037 shares of the auto parts company’s stock worth $773,000 after acquiring an additional 801 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its position in Gentex by 6.1% during the third quarter. Financial Advocates Investment Management now owns 11,684 shares of the auto parts company’s stock worth $347,000 after acquiring an additional 676 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GNTX has been the subject of several research reports. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research report on Monday, February 3rd. B. Riley reiterated 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. Guggenheim dropped their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. UBS Group dropped 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. Finally, JPMorgan Chase & Co. dropped 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.31.

Gentex Price Performance

Shares of GNTX opened at $24.32 on Friday. Gentex Co. has a one year low of $24.10 and a one year high of $37.58. The company has a market cap of $5.53 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.84 and a beta of 0.91. The firm has a 50 day simple moving average of $26.80 and a two-hundred day simple moving average of $28.92.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data 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 quarter last year, the company earned $0.50 EPS. On average, analysts expect that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently disclosed 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 1.97%. Gentex’s dividend 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.