11,480 Shares in Gentex Co. (NASDAQ:GNTX) Acquired by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,480 shares of the auto parts company’s stock, valued at approximately $330,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its stake in shares of Gentex by 26.2% during the third quarter. BNP Paribas Financial Markets now owns 51,393 shares of the auto parts company’s stock valued at $1,526,000 after acquiring an additional 10,658 shares during the period. Verition Fund Management LLC acquired a new position in shares of Gentex during the 3rd quarter valued at $366,000. Chevy Chase Trust Holdings LLC raised its stake in shares of Gentex by 148.5% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 198,763 shares of the auto parts company’s stock worth $5,901,000 after buying an additional 118,781 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Gentex in the third quarter valued at $806,000. Finally, Holocene Advisors LP lifted its holdings in shares of Gentex by 701.2% in the third quarter. Holocene Advisors LP now owns 91,703 shares of the auto parts company’s stock valued at $2,723,000 after buying an additional 80,258 shares during the period. 86.76% of the stock is currently owned by institutional investors.

Gentex Price Performance

Shares of NASDAQ GNTX opened at $22.14 on Friday. Gentex Co. has a one year low of $21.56 and a one year high of $36.24. The business’s 50-day moving average price is $24.70 and its two-hundred day moving average price is $27.85. The company has a market capitalization of $5.03 billion, a P/E ratio of 12.58, 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 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 in the prior year, the company earned $0.50 earnings per share. On average, equities analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid 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 dividend yield of 2.17%. Gentex’s dividend payout ratio (DPR) is presently 27.27%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GNTX shares. JPMorgan Chase & Co. dropped their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research 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 on the stock in a report on Monday, February 3rd. B. Riley restated a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim set a $30.00 price target on Gentex in a report on Wednesday, March 5th. Finally, Robert W. Baird set a $31.00 price objective on Gentex in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Gentex currently has an average rating of “Hold” and an average target price of $31.81.

Gentex 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.