Schaper Benz & Wise Investment Counsel Inc. WI Reduces Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Schaper Benz & Wise Investment Counsel Inc. WI lessened its stake in shares of Gentex Co. (NASDAQ:GNTX) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,799 shares of the auto parts company’s stock after selling 1,106 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Gentex were worth $282,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Midwest Capital Advisors LLC purchased a new stake in Gentex in the fourth quarter valued at $26,000. Synergy Asset Management LLC purchased a new stake in shares of Gentex in the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Gentex by 32.5% in the 4th 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 period. Wilmington Savings Fund Society FSB purchased a new position in Gentex during the 3rd quarter worth approximately $125,000. Finally, GAMMA Investing LLC increased its position 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 buying an additional 3,152 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

GNTX has been the subject of several research analyst reports. Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. 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 note on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. B. Riley reissued a “buy” rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 price objective on Gentex in a research note 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’s stock. According to MarketBeat, Gentex presently has an average rating of “Hold” and a consensus price target of $32.31.

Gentex Trading Up 1.2 %

NASDAQ GNTX opened at $25.39 on Friday. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.84 and a beta of 0.90. The business’s 50 day moving average is $26.25 and its two-hundred day moving average is $28.72. Gentex Co. has a 12-month low of $23.63 and a 12-month high of $36.75.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data 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 business posted $0.50 EPS. Equities analysts forecast that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. Gentex’s dividend payout ratio is presently 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.