TD Waterhouse Canada Inc. Has $1.19 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

TD Waterhouse Canada Inc. increased its position in Gentex Co. (NASDAQ:GNTX) by 7.3% during the fourth quarter, Holdings Channel reports. The firm owned 41,447 shares of the auto parts company’s stock after buying an additional 2,835 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Gentex were worth $1,191,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Gentex by 179.7% in the third 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 raised its stake in Gentex by 16.1% in 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 acquiring an additional 386,461 shares during the period. LPL Financial LLC lifted its holdings in Gentex by 31.6% during the 4th quarter. LPL Financial LLC now owns 189,254 shares of the auto parts company’s stock valued at $5,437,000 after purchasing an additional 45,475 shares during the last quarter. Raymond James Financial Inc. bought a new position in Gentex during the fourth quarter worth $24,479,000. Finally, BCGM Wealth Management LLC increased its holdings in shares of Gentex by 64.2% in the fourth quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company’s stock valued at $1,630,000 after purchasing an additional 22,180 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on GNTX shares. Baird R W downgraded shares of Gentex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. B. Riley restated a “buy” rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. UBS Group cut their target price on Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group decreased their price target on Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.31.

Gentex Stock Up 1.4 %

Gentex stock opened at $21.97 on Friday. The stock has a market cap of $4.97 billion, a PE ratio of 12.48, a P/E/G ratio of 0.84 and a beta of 0.84. Gentex Co. has a 12-month low of $20.28 and a 12-month high of $35.33. The business’s 50-day moving average price is $23.30 and its two-hundred day moving average price is $26.93.

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

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Wednesday, April 9th. Gentex’s payout ratio is 27.27%.

Gentex 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.