7,042 Shares in Gentex Co. (NASDAQ:GNTX) Acquired by Portfolio Design Labs LLC

Portfolio Design Labs LLC bought a new stake in shares of Gentex Co. (NASDAQ:GNTX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,042 shares of the auto parts company’s stock, valued at approximately $202,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in shares of Gentex in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Gentex by 227.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 1,269 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Gentex during the 3rd quarter worth about $125,000. GAMMA Investing LLC raised its position in shares of Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after acquiring an additional 3,152 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Gentex by 13.3% in the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock worth $168,000 after acquiring an additional 667 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Price Performance

Shares of NASDAQ GNTX opened at $24.39 on Thursday. The company has a 50-day moving average price of $28.17 and a 200-day moving average price of $29.36. The stock has a market capitalization of $5.55 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.86 and a beta of 0.91. Gentex Co. has a 1 year low of $24.38 and a 1 year high of $37.58.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) 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 period last year, the company posted $0.50 EPS. As a group, equities research analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.97%. Gentex’s dividend payout ratio (DPR) is currently 27.27%.

Wall Street Analysts Forecast Growth

GNTX has been the subject of several recent analyst reports. Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. B. Riley reiterated a “buy” rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Robert W. Baird boosted their target price on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.