Beutel Goodman & Co Ltd. Sells 14,099 Shares of Gentex Co. (NASDAQ:GNTX)

Beutel Goodman & Co Ltd. lessened its holdings in Gentex Co. (NASDAQ:GNTX) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,044,128 shares of the auto parts company’s stock after selling 14,099 shares during the period. Beutel Goodman & Co Ltd. owned 2.66% of Gentex worth $173,647,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC purchased a new stake in shares of Gentex in the 4th quarter valued at about $26,000. TD Private Client Wealth LLC increased its position in shares of Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 662 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Gentex in the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 valued at $70,000 after purchasing an additional 593 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Gentex in the 3rd quarter worth approximately $125,000. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Performance

Shares of GNTX stock opened at $23.40 on Friday. Gentex Co. has a fifty-two week low of $23.27 and a fifty-two week high of $36.46. The company has a market capitalization of $5.32 billion, a P/E ratio of 13.30, a PEG ratio of 0.84 and a beta of 0.90. The stock has a 50 day moving average price of $25.20 and a two-hundred day moving average price of $28.06.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the business earned $0.50 EPS. As a group, equities analysts predict that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.05%. The ex-dividend date is Wednesday, April 9th. Gentex’s dividend payout ratio (DPR) is currently 27.27%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GNTX shares. B. Riley reaffirmed a “buy” rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 price objective on Gentex in a report on Wednesday, March 5th. UBS Group decreased their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.81.

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.