Aigen Investment Management LP Purchases New Shares in Gentex Co. (NASDAQ:GNTX)

Aigen Investment Management LP purchased a new stake in Gentex Co. (NASDAQ:GNTX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,069 shares of the auto parts company’s stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GNTX. Midwest Capital Advisors LLC acquired a new position in shares of Gentex in the 4th quarter valued at $26,000. Synergy Asset Management LLC acquired a new position in shares of Gentex in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 593 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Gentex during the 3rd quarter worth about $125,000. Finally, GAMMA Investing LLC boosted its position in Gentex by 159.1% during 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 during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Stock Performance

Shares of GNTX opened at $25.39 on Friday. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.84 and a beta of 0.90. Gentex Co. has a 52-week low of $23.63 and a 52-week high of $37.48. The stock has a fifty day moving average price of $26.25 and a two-hundred day moving average price of $28.73.

Gentex (NASDAQ:GNTX) last released 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 return on equity of 16.74% and a net margin of 17.49%. During the same period in the prior year, the company posted $0.50 EPS. As a group, research analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.89%. Gentex’s dividend payout ratio is presently 27.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GNTX shares. Robert W. Baird set a $31.00 price objective on Gentex in a research report on Monday, February 3rd. Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. UBS Group decreased their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, B. Riley restated a “buy” rating and set a $32.50 price objective (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Gentex currently has an average rating of “Hold” and an average price target of $32.31.

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.