Gentex Co. (NASDAQ:GNTX) Shares Sold by Haverford Trust Co

Haverford Trust Co trimmed its position in shares of Gentex Co. (NASDAQ:GNTX) by 38.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 275,897 shares of the auto parts company’s stock after selling 172,118 shares during the quarter. Haverford Trust Co owned approximately 0.12% of Gentex worth $7,927,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of GNTX. Midwest Capital Advisors LLC purchased a new position in Gentex during the fourth quarter worth approximately $26,000. TD Private Client Wealth LLC boosted its position in shares of Gentex by 138.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after buying an additional 662 shares during the period. Synergy Asset Management LLC acquired a new position in Gentex in the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake 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 buying an additional 593 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Gentex in the third quarter valued at $125,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Trading Down 0.7 %

Shares of GNTX stock opened at $23.91 on Monday. The company has a market cap of $5.43 billion, a PE ratio of 13.59, a P/E/G ratio of 0.84 and a beta of 0.90. The company’s fifty day simple moving average is $25.53 and its 200-day simple moving average is $28.24. Gentex Co. has a 52 week low of $23.50 and a 52 week high of $36.46.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 EPS 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 last year, the firm posted $0.50 EPS. Equities research analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s payout ratio is 27.27%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. B. Riley reaffirmed 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. Robert W. Baird set a $31.00 target price on shares of Gentex in a report on Monday, February 3rd. 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 research note on Monday, February 3rd. Guggenheim set a $30.00 price target on Gentex in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Gentex has an average rating of “Hold” and an average target price of $31.81.

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.