Securian Asset Management Inc. Has $494,000 Holdings in Gentex Co. (NASDAQ:GNTX)

Securian Asset Management Inc. cut its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,193 shares of the auto parts company’s stock after selling 708 shares during the quarter. Securian Asset Management Inc.’s holdings in Gentex were worth $494,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after buying an additional 1,285,519 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Gentex by 16.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock valued at $80,079,000 after buying an additional 386,461 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gentex by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock valued at $159,406,000 after buying an additional 285,802 shares during the last quarter. BCGM Wealth Management LLC lifted its holdings in shares of Gentex by 64.2% during the 4th quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company’s stock valued at $1,630,000 after buying an additional 22,180 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Gentex by 54.4% during the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock valued at $3,205,000 after buying an additional 38,027 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GNTX shares. UBS Group reduced their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on Gentex in a research note on Monday, February 3rd. Guggenheim set a $30.00 price objective on Gentex in a research note on Wednesday, March 5th. B. Riley reissued a “buy” rating and issued a $32.50 price objective (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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Gentex presently has an average rating of “Hold” and a consensus target price of $31.81.

Gentex Stock Down 0.7 %

Shares of NASDAQ GNTX opened at $24.14 on Tuesday. The business’s 50 day moving average is $25.79 and its two-hundred day moving average is $28.44. The company has a market cap of $5.48 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.84 and a beta of 0.90. Gentex Co. has a 12 month low of $23.63 and a 12 month high of $36.75.

Gentex (NASDAQ:GNTX) last issued its quarterly 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 return on equity of 16.74% and a net margin of 17.49%. During the same period in the prior year, the company earned $0.50 earnings per share. Sell-side analysts expect that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, April 9th. 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.