Gentex Co. (NASDAQ:GNTX) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its stake in Gentex Co. (NASDAQ:GNTX) by 83.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 156,201 shares of the auto parts company’s stock after acquiring an additional 70,912 shares during the quarter. Jane Street Group LLC owned 0.07% of Gentex worth $4,488,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Gentex by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock worth $80,079,000 after purchasing an additional 386,461 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Gentex by 31.6% in the 4th quarter. LPL Financial LLC now owns 189,254 shares of the auto parts company’s stock valued at $5,437,000 after buying an additional 45,475 shares during the period. Raymond James Financial Inc. acquired a new position in Gentex during the 4th quarter worth about $24,479,000. Marshall Wace LLP purchased a new position in Gentex during the 4th quarter valued at about $10,868,000. Finally, BCGM Wealth Management LLC grew its position in Gentex by 64.2% in 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 acquiring an additional 22,180 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Stock Performance

Shares of NASDAQ GNTX opened at $22.21 on Friday. The stock’s 50-day simple moving average is $22.71 and its 200-day simple moving average is $26.34. The firm has a market capitalization of $5.03 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85. Gentex Co. has a fifty-two week low of $20.28 and a fifty-two week high of $35.33.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $578.68 million. Gentex had a net margin of 17.49% and a return on equity of 16.74%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, sell-side analysts forecast 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 was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Wednesday, April 9th. Gentex’s payout ratio is 28.07%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Robert W. Baird reissued a “neutral” rating and set a $25.00 price target (down previously from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. The Goldman Sachs Group decreased their price target on shares of Gentex from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Guggenheim dropped their price target on shares of Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. UBS Group reduced their price objective on Gentex from $29.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Finally, B. Riley reissued a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.31.

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.