JB Capital LLC Invests $3.07 Million in Gentex Co. (NASDAQ:GNTX)

JB Capital LLC bought a new stake in shares of Gentex Co. (NASDAQ:GNTX) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 91,189 shares of the auto parts company’s stock, valued at approximately $3,074,000.

A number of other large investors also recently added to or reduced their stakes in the business. Phoenix Wealth Advisors grew its holdings in Gentex by 3.1% in the 2nd quarter. Phoenix Wealth Advisors now owns 10,196 shares of the auto parts company’s stock worth $344,000 after acquiring an additional 306 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Gentex by 26.3% in the first quarter. GAMMA Investing LLC now owns 1,742 shares of the auto parts company’s stock worth $63,000 after purchasing an additional 363 shares during the last quarter. Toronto Dominion Bank increased its holdings in Gentex by 0.9% during the 1st quarter. Toronto Dominion Bank now owns 42,346 shares of the auto parts company’s stock valued at $1,530,000 after purchasing an additional 370 shares during the period. Eagle Asset Management Inc. raised its position in Gentex by 0.5% during the 4th quarter. Eagle Asset Management Inc. now owns 69,808 shares of the auto parts company’s stock valued at $2,280,000 after purchasing an additional 373 shares during the last quarter. Finally, JLB & Associates Inc. raised its position in Gentex by 1.7% during the 1st quarter. JLB & Associates Inc. now owns 24,381 shares of the auto parts company’s stock valued at $881,000 after purchasing an additional 416 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Stock Up 2.5 %

Shares of GNTX stock traded up $0.77 during trading hours on Friday, hitting $31.21. 1,233,056 shares of the company’s stock traded hands, compared to its average volume of 1,411,609. The stock’s fifty day simple moving average is $32.19 and its two-hundred day simple moving average is $34.13. Gentex Co. has a 12-month low of $27.86 and a 12-month high of $37.58. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.91 and a beta of 0.93.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, July 26th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15). Gentex had a net margin of 17.87% and a return on equity of 17.78%. The company had revenue of $572.93 million for the quarter, compared to analysts’ expectations of $623.28 million. On average, equities analysts forecast that Gentex Co. will post 2.02 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, July 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, July 5th. Gentex’s dividend payout ratio (DPR) is 25.40%.

Analysts Set New Price Targets

GNTX has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. B. Riley dropped their target price on shares of Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Robert W. Baird decreased their price target on shares of Gentex from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. BNP Paribas cut Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, July 30th. Finally, StockNews.com lowered Gentex from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.33.

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.