Gentex Co. (NASDAQ:GNTX) Shares Acquired by Hendershot Investments Inc.

Hendershot Investments Inc. increased its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 659,066 shares of the auto parts company’s stock after purchasing an additional 24,231 shares during the period. Gentex accounts for 2.6% of Hendershot Investments Inc.’s investment portfolio, making the stock its 11th largest holding. Hendershot Investments Inc.’s holdings in Gentex were worth $18,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC lifted its stake in shares of Gentex by 212.4% in the 3rd quarter. SG Americas Securities LLC now owns 31,632 shares of the auto parts company’s stock worth $939,000 after acquiring an additional 21,508 shares during the period. Reinhart Partners LLC. lifted its position in Gentex by 7.0% in the third quarter. Reinhart Partners LLC. now owns 1,103,779 shares of the auto parts company’s stock valued at $32,771,000 after purchasing an additional 72,285 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 1,269 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Gentex by 8.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 394,025 shares of the auto parts company’s stock worth $11,699,000 after buying an additional 30,670 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Gentex by 27.7% in the 3rd quarter. Creative Planning now owns 77,519 shares of the auto parts company’s stock valued at $2,302,000 after buying an additional 16,834 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Price Performance

NASDAQ:GNTX opened at $25.06 on Friday. Gentex Co. has a 1-year low of $24.57 and a 1-year high of $37.58. The firm has a 50 day simple moving average of $28.50 and a 200-day simple moving average of $29.56. The firm has a market cap of $5.70 billion, a PE ratio of 14.24, a P/E/G ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 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 last year, the business posted $0.50 EPS. 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 announced a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, January 8th. Gentex’s payout ratio is currently 27.27%.

Analyst Ratings Changes

Several research firms have issued reports on GNTX. Guggenheim cut their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. UBS Group reduced their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Robert W. Baird upped their price target on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, Bank of America cut their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.06.

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.