Swiss National Bank Has $13.01 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Swiss National Bank lifted its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 452,800 shares of the auto parts company’s stock after purchasing an additional 1,500 shares during the quarter. Swiss National Bank owned approximately 0.20% of Gentex worth $13,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Coldstream Capital Management Inc. increased its position in Gentex by 5.8% during the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after buying an additional 408 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in shares of Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after acquiring an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Gentex by 6.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 457 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 worth $70,000 after purchasing an additional 593 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Gentex by 1.6% during the third quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company’s stock worth $1,209,000 after purchasing an additional 650 shares during the period. Institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GNTX has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Guggenheim set a $30.00 price target on shares of Gentex in a report on Wednesday, March 5th. B. Riley reiterated 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. UBS Group decreased their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 target price on Gentex in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Gentex currently has an average rating of “Hold” and a consensus price target of $31.81.

Gentex Price Performance

Shares of GNTX stock opened at $23.79 on Thursday. The stock has a market cap of $5.40 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The stock has a fifty day moving average price of $25.65 and a 200 day moving average price of $28.36. Gentex Co. has a one year low of $23.63 and a one year high of $36.75.

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

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.02%. 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.