Gentex Co. (NASDAQ:GNTX) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in shares of Gentex Co. (NASDAQ:GNTX) by 5.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,135 shares of the auto parts company’s stock after acquiring an additional 1,307 shares during the period. Xponance Inc.’s holdings in Gentex were worth $751,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GNTX. JPMorgan Chase & Co. increased its stake in Gentex by 179.7% during the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after purchasing an additional 1,285,519 shares during the period. Raymond James Financial Inc. purchased a new stake in Gentex during the 4th quarter worth approximately $24,479,000. Bridgewater Associates LP lifted its holdings in Gentex by 249.1% during the 3rd quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company’s stock worth $18,338,000 after buying an additional 440,725 shares in the last quarter. Cidel Asset Management Inc. purchased a new position in Gentex in the 4th quarter valued at approximately $11,815,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Gentex by 16.1% in 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 acquiring an additional 386,461 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Stock Up 2.2 %

Shares of GNTX opened at $24.43 on Tuesday. Gentex Co. has a 52-week low of $23.50 and a 52-week high of $36.46. The company has a market capitalization of $5.55 billion, a PE ratio of 13.88, a P/E/G ratio of 0.84 and a beta of 0.90. The company has a 50-day simple moving average of $25.47 and a 200-day simple moving average of $28.20.

Gentex (NASDAQ:GNTX) last released 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 return on equity of 16.74% and a net margin of 17.49%. During the same period last year, the company posted $0.50 EPS. On average, research analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, April 9th. Gentex’s payout ratio is currently 27.27%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Guggenheim set a $30.00 price objective on Gentex in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research report on Monday, February 3rd. UBS Group decreased their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, B. Riley reissued a “buy” rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.81.

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.