EP Wealth Advisors LLC Invests $203,000 in Gentex Co. (NASDAQ:GNTX)

EP Wealth Advisors LLC bought a new position in Gentex Co. (NASDAQ:GNTX) in the fourth quarter, HoldingsChannel.com reports. The fund bought 7,076 shares of the auto parts company’s stock, valued at approximately $203,000.

A number of other hedge funds have also modified their holdings of GNTX. Midwest Capital Advisors LLC bought a new stake in Gentex during the 4th quarter worth approximately $26,000. TD Private Client Wealth LLC grew its position 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 worth $33,000 after acquiring an additional 662 shares during the last quarter. Synergy Asset Management LLC bought a new position in Gentex in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Gentex by 32.5% in 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 buying an additional 593 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Gentex in the 4th quarter valued at $96,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group decreased their price objective on Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. B. Riley reiterated a “buy” rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Robert W. Baird reiterated a “neutral” rating and issued a $25.00 price objective (down from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. UBS Group cut their price target 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, Guggenheim cut their price target on Gentex from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. 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, the company has a consensus rating of “Hold” and a consensus target price of $28.31.

Gentex Stock Down 1.9%

GNTX stock opened at $22.72 on Thursday. The business’s fifty day moving average is $22.59 and its 200-day moving average is $26.21. The company has a market cap of $5.11 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85. Gentex Co. has a twelve month low of $20.28 and a twelve month high of $35.32.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The business 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 revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. Research analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex’s payout ratio is presently 28.07%.

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.