Sherbrooke Park Advisers LLC Boosts Stock Position in Gentex Co. (NASDAQ:GNTX)

Sherbrooke Park Advisers LLC lifted its position in Gentex Co. (NASDAQ:GNTX) by 39.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,235 shares of the auto parts company’s stock after purchasing an additional 7,653 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Gentex were worth $782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Midwest Capital Advisors LLC purchased a new stake in Gentex during the 4th quarter valued at about $26,000. TD Private Client Wealth LLC boosted its holdings in Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after acquiring an additional 662 shares during the period. Synergy Asset Management LLC purchased a new stake in Gentex during the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after acquiring an additional 593 shares during the period. Finally, LRI Investments LLC boosted its holdings in Gentex by 33.2% during the 4th quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock valued at $79,000 after acquiring an additional 686 shares during the period. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Stock Down 0.2%

Gentex stock opened at $22.67 on Friday. The company has a market capitalization of $5.10 billion, a P/E ratio of 12.88, a PEG ratio of 0.84 and a beta of 0.85. The stock’s 50 day moving average is $22.53 and its 200 day moving average is $26.15. Gentex Co. has a twelve month low of $20.28 and a twelve month high of $35.32.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results 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 company had revenue of $576.77 million for the quarter, compared to the consensus estimate of $578.68 million. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. As a group, equities analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a $0.12 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.12%. Gentex’s payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. The Goldman Sachs Group lowered their price target on Gentex from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Guggenheim lowered their price target on Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Baird R W lowered Gentex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price target on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.31.

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.