Whittier Trust Co. Sells 1,640 Shares of Gentex Co. (NASDAQ:GNTX)

Whittier Trust Co. trimmed its holdings in Gentex Co. (NASDAQ:GNTX) by 31.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,557 shares of the auto parts company’s stock after selling 1,640 shares during the quarter. Whittier Trust Co.’s holdings in Gentex were worth $102,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GNTX. Coldstream Capital Management Inc. raised its holdings in shares of Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after purchasing an additional 408 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after purchasing an additional 437 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Gentex by 6.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock valued at $214,000 after purchasing an additional 457 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 593 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Gentex by 1.6% in the third quarter. Toronto Dominion Bank now owns 40,721 shares of the auto parts company’s stock valued at $1,209,000 after purchasing an additional 650 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

Gentex Stock Down 0.7 %

Shares of NASDAQ:GNTX opened at $23.91 on Monday. The firm has a market capitalization of $5.43 billion, a PE ratio of 13.59, a P/E/G ratio of 0.84 and a beta of 0.90. Gentex Co. has a twelve month low of $23.50 and a twelve month high of $36.46. The company has a 50-day moving average price of $25.53 and a two-hundred day moving average price of $28.24.

Gentex (NASDAQ:GNTX) last issued 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 business posted $0.50 EPS. Analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.01%. Gentex’s dividend payout ratio is presently 27.27%.

Analysts Set New Price Targets

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

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.