Inspire Advisors LLC Buys 3,276 Shares of Gentex Co. (NASDAQ:GNTX)

Inspire Advisors LLC boosted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,117 shares of the auto parts company’s stock after buying an additional 3,276 shares during the quarter. Inspire Advisors LLC’s holdings in Gentex were worth $406,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GNTX. Atria Investments Inc grew its position in Gentex by 2.0% during the third quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company’s stock valued at $859,000 after buying an additional 577 shares during the period. MQS Management LLC purchased a new stake in Gentex during the third quarter valued at about $507,000. Speece Thorson Capital Group Inc. lifted its holdings in Gentex by 15.6% during the third quarter. Speece Thorson Capital Group Inc. now owns 580,111 shares of the auto parts company’s stock valued at $17,223,000 after purchasing an additional 78,470 shares during the last quarter. KBC Group NV lifted its holdings in Gentex by 13.3% during the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 667 shares during the last quarter. Finally, Intellectus Partners LLC lifted its holdings in Gentex by 6.1% during the third quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock valued at $251,000 after purchasing an additional 484 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gentex Trading Down 1.5 %

Shares of Gentex stock opened at $24.42 on Thursday. Gentex Co. has a 12-month low of $23.63 and a 12-month high of $36.75. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.84 and a beta of 0.90. The company’s 50-day moving average price is $26.03 and its 200-day moving average price is $28.60.

Gentex (NASDAQ:GNTX) last announced 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, sell-side analysts predict that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio is currently 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.