Inspire Advisors LLC Has $406,000 Stake in Gentex Co. (NASDAQ:GNTX)

Inspire Advisors LLC raised its position in Gentex Co. (NASDAQ:GNTX) by 30.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,117 shares of the auto parts company’s stock after purchasing an additional 3,276 shares during the period. Inspire Advisors LLC’s holdings in Gentex were worth $406,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Lindenwold Advisors INC lifted its position in shares of Gentex by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock valued at $372,000 after acquiring an additional 347 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of Gentex by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after acquiring an additional 408 shares during the period. 180 Wealth Advisors LLC lifted its position in shares of Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after acquiring an additional 437 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Gentex by 6.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 457 shares during the period. Finally, Intellectus Partners LLC lifted its position in shares of Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock valued at $251,000 after acquiring an additional 484 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

GNTX has been the topic of a number of research reports. UBS Group dropped their target price on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Guggenheim set a $30.00 price objective on shares of Gentex in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. B. Riley restated a “buy” rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 price objective on shares of Gentex in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Gentex currently has a consensus rating of “Hold” and a consensus price target of $31.81.

Gentex Price Performance

NASDAQ GNTX opened at $24.42 on Thursday. Gentex Co. has a 1 year low of $23.63 and a 1 year high of $36.75. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.84 and a beta of 0.90. The company has a fifty day moving average price of $26.03 and a 200-day moving average price of $28.60.

Gentex (NASDAQ:GNTX) last posted its 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 quarter in the prior year, the business posted $0.50 earnings per share. On average, research analysts anticipate that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. Gentex’s 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.