Gentex Co. (NASDAQ:GNTX) Shares Sold by Factorial Partners LLC

Factorial Partners LLC cut its holdings in Gentex Co. (NASDAQ:GNTX) by 57.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,000 shares of the auto parts company’s stock after selling 24,800 shares during the period. Factorial Partners LLC’s holdings in Gentex were worth $517,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GNTX. Midwest Capital Advisors LLC acquired a new position in Gentex in the fourth quarter valued at approximately $26,000. Synergy Asset Management LLC acquired a new position in Gentex in the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 worth $70,000 after purchasing an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Gentex during the third quarter worth $125,000. Finally, GAMMA Investing LLC lifted its stake in Gentex by 159.1% during the fourth 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 in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. 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 decreased their price target on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. B. Riley restated a “buy” rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a research note on Monday, February 3rd. Finally, UBS Group decreased their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.31.

Gentex Stock Performance

Shares of NASDAQ GNTX opened at $24.32 on Friday. The stock has a market cap of $5.53 billion, a P/E ratio of 13.82, a PEG ratio of 0.84 and a beta of 0.91. Gentex Co. has a 12-month low of $24.07 and a 12-month high of $37.58. The business’s fifty day simple moving average is $26.70 and its 200-day simple moving average is $28.90.

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 net margin of 17.49% and a return on equity of 16.74%. During the same period in the previous year, the business posted $0.50 earnings per share. On average, equities analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal 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 1.97%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio (DPR) is presently 27.27%.

About Gentex

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.