Gentex Co. (NASDAQ:GNTX) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its position in Gentex Co. (NASDAQ:GNTX) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,821 shares of the auto parts company’s stock after purchasing an additional 10,144 shares during the period. Captrust Financial Advisors’ holdings in Gentex were worth $2,983,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GNTX. Barclays PLC lifted its stake in shares of Gentex by 54.4% during the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock worth $3,205,000 after purchasing an additional 38,027 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Gentex by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 36,446 shares of the auto parts company’s stock valued at $1,082,000 after purchasing an additional 1,540 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Gentex by 1.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 82,784 shares of the auto parts company’s stock worth $2,378,000 after buying an additional 1,278 shares during the period. Reinhart Partners LLC. raised its holdings in shares of Gentex by 1.9% in the 4th quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company’s stock worth $32,304,000 after purchasing an additional 20,624 shares during the period. Finally, 180 Wealth Advisors LLC increased its position in Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after purchasing an additional 437 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Stock Performance

NASDAQ:GNTX opened at $22.21 on Friday. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85. Gentex Co. has a one year low of $20.28 and a one year high of $35.33. The stock has a 50-day simple moving average of $22.71 and a 200 day simple moving average of $26.34.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $578.68 million. During the same period in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex’s dividend payout ratio (DPR) is presently 28.07%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GNTX shares. 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 report on Thursday, April 10th. Guggenheim dropped their price objective on shares of Gentex from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. B. Riley restated a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. 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 note on Monday, February 3rd. Finally, Baird R W cut shares of Gentex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Gentex has a consensus rating of “Hold” and an average target price 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.