Jensen Investment Management Inc. Raises Position in Gentex Co. (NASDAQ:GNTX)

Jensen Investment Management Inc. raised its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,920 shares of the auto parts company’s stock after acquiring an additional 6,800 shares during the quarter. Jensen Investment Management Inc.’s holdings in Gentex were worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of GNTX. Midwest Capital Advisors LLC purchased a new position in shares of Gentex during the 4th quarter worth $26,000. Synergy Asset Management LLC purchased a new position in shares of Gentex during the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Gentex by 32.5% during 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Gentex during the 3rd quarter valued at $125,000. Finally, GAMMA Investing LLC lifted its stake in shares of Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after buying an additional 3,152 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Guggenheim set a $30.00 target price on shares of Gentex in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price 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. UBS Group reduced their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 price target on shares of Gentex in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.81.

Gentex Stock Up 1.9 %

Gentex stock opened at $24.31 on Monday. The company’s 50-day moving average price is $25.87 and its 200-day moving average price is $28.49. Gentex Co. has a twelve month low of $23.63 and a twelve month high of $36.75. The company has a market cap of $5.52 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 company earned $0.50 earnings per share. As a group, sell-side analysts expect that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 1.97%. Gentex’s payout ratio is 27.27%.

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.