Mutual of America Capital Management LLC Has $3.45 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Mutual of America Capital Management LLC trimmed its stake in Gentex Co. (NASDAQ:GNTX) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 120,140 shares of the auto parts company’s stock after selling 4,282 shares during the period. Mutual of America Capital Management LLC’s holdings in Gentex were worth $3,452,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GNTX. Van ECK Associates Corp grew its holdings in Gentex by 74.6% in the third quarter. Van ECK Associates Corp now owns 309,668 shares of the auto parts company’s stock worth $9,141,000 after purchasing an additional 132,322 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Gentex by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 215,779 shares of the auto parts company’s stock valued at $6,406,000 after buying an additional 5,424 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of Gentex during the third quarter valued at about $267,000. Advisor Resource Council acquired a new position in shares of Gentex during the third quarter valued at about $438,000. Finally, JB Capital LLC grew its holdings in shares of Gentex by 12.7% during the third quarter. JB Capital LLC now owns 102,757 shares of the auto parts company’s stock valued at $3,051,000 after buying an additional 11,568 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Guggenheim reduced their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Robert W. Baird set a $31.00 price objective on shares of Gentex in a report on Monday, February 3rd. UBS Group reduced their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. B. Riley reiterated 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.31.

Gentex Price Performance

GNTX opened at $24.62 on Thursday. The firm has a market capitalization of $5.59 billion, a P/E ratio of 13.99, a PEG ratio of 0.84 and a beta of 0.91. Gentex Co. has a fifty-two week low of $23.63 and a fifty-two week high of $37.58. The company’s 50-day moving average is $26.41 and its 200 day moving average is $28.79.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, equities research analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.95%. The ex-dividend date is Wednesday, April 9th. Gentex’s dividend payout ratio is 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.