Gentex Co. (NASDAQ:GNTX) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC trimmed its stake in shares of Gentex Co. (NASDAQ:GNTX) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,065 shares of the auto parts company’s stock after selling 474 shares during the quarter. Lindenwold Advisors INC’s holdings in Gentex were worth $347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Coldstream Capital Management Inc. boosted its position in shares of Gentex by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after acquiring an additional 408 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in shares of Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after acquiring an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Gentex by 6.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock worth $214,000 after acquiring an additional 457 shares in the last quarter. Atria Investments Inc boosted its position in shares of Gentex by 2.0% during the 3rd quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company’s stock worth $859,000 after acquiring an additional 577 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Stock Down 0.7 %

GNTX opened at $23.98 on Wednesday. The business has a 50 day moving average price of $25.72 and a two-hundred day moving average price of $28.39. The company has a market cap of $5.45 billion, a PE ratio of 13.63, a P/E/G 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 $36.75.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data 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 net margin of 17.49% and a return on equity of 16.74%. During the same period in the previous year, the company earned $0.50 EPS. As a group, sell-side analysts expect 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. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio is presently 27.27%.

Analyst Ratings Changes

Several research analysts have recently issued reports on GNTX shares. UBS Group lowered 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. Guggenheim set a $30.00 price objective on Gentex in a research report on Wednesday, March 5th. Robert W. Baird set a $31.00 target price on Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, B. Riley reissued a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.81.

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.