XTX Topco Ltd Sells 9,981 Shares of Gentex Co. (NASDAQ:GNTX)

XTX Topco Ltd lessened its stake in Gentex Co. (NASDAQ:GNTX) by 28.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,822 shares of the auto parts company’s stock after selling 9,981 shares during the period. XTX Topco Ltd’s holdings in Gentex were worth $713,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GNTX. Midwest Capital Advisors LLC bought a new stake in shares of Gentex during the fourth quarter worth $26,000. TD Private Client Wealth LLC lifted its position in Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 662 shares during the period. Synergy Asset Management LLC bought a new position in shares of Gentex in the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. grew its position 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 worth $70,000 after buying an additional 593 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Gentex during the fourth quarter worth approximately $96,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 price objective (down from $31.00) on shares of Gentex in a research note on Tuesday. Baird R W cut Gentex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. UBS Group dropped their price objective on Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Guggenheim set a $30.00 target price on Gentex in a report on Wednesday, March 5th. Finally, B. Riley reaffirmed a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.06.

Gentex Stock Up 2.3 %

Shares of GNTX stock opened at $21.56 on Friday. Gentex Co. has a 12-month low of $20.28 and a 12-month high of $35.33. The firm has a fifty day moving average of $23.59 and a 200-day moving average of $27.19. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.84 and a beta of 0.84.

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 net margin of 17.49% and a return on equity of 16.74%. During the same period last year, the company posted $0.50 earnings per share. On average, equities analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.23%. Gentex’s dividend payout ratio (DPR) is presently 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.