9,280 Shares in Gentex Co. (NASDAQ:GNTX) Purchased by Brooklyn FI LLC

Brooklyn FI LLC purchased a new stake in shares of Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,280 shares of the auto parts company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GNTX. JPMorgan Chase & Co. raised its stake in shares of Gentex by 179.7% in the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after acquiring an additional 1,285,519 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Gentex during the 4th quarter valued at $24,479,000. Bridgewater Associates LP raised its position in Gentex by 249.1% in the 3rd quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company’s stock valued at $18,338,000 after purchasing an additional 440,725 shares during the last quarter. Cidel Asset Management Inc. acquired a new position in Gentex in the fourth quarter worth $11,815,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Gentex by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock worth $80,079,000 after purchasing an additional 386,461 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Gentex Trading Down 0.8 %

Shares of GNTX opened at $23.79 on Thursday. The stock has a market cap of $5.40 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The stock’s 50-day moving average price is $25.65 and its two-hundred day moving average price is $28.36. Gentex Co. has a 1 year low of $23.63 and a 1 year high of $36.75.

Gentex (NASDAQ:GNTX) last issued its 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the company posted $0.50 earnings per share. As a group, equities analysts forecast that Gentex Co. will post 2.04 EPS for the current 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 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 2.02%. Gentex’s dividend payout ratio is presently 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.