Triodos Investment Management BV Grows Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Triodos Investment Management BV raised its position in Gentex Co. (NASDAQ:GNTX) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 801,000 shares of the auto parts company’s stock after buying an additional 50,000 shares during the period. Gentex comprises 1.9% of Triodos Investment Management BV’s investment portfolio, making the stock its 27th biggest position. Triodos Investment Management BV owned approximately 0.35% of Gentex worth $23,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Gentex by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company’s stock worth $46,163,000 after acquiring an additional 6,106 shares during the last quarter. Citigroup Inc. boosted its position in shares of Gentex by 327.8% during the 3rd quarter. Citigroup Inc. now owns 483,842 shares of the auto parts company’s stock worth $14,365,000 after acquiring an additional 370,746 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Gentex in the 3rd quarter valued at $2,441,000. BNP Paribas Financial Markets grew its stake in Gentex by 26.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,393 shares of the auto parts company’s stock worth $1,526,000 after buying an additional 10,658 shares during the last quarter. Finally, Bridgewater Associates LP raised its holdings in shares of Gentex by 249.1% in the third quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company’s stock valued at $18,338,000 after buying an additional 440,725 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Trading Down 3.6 %

GNTX opened at $23.88 on Friday. Gentex Co. has a twelve month low of $23.50 and a twelve month high of $36.46. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.84 and a beta of 0.90. The company has a fifty day simple moving average of $25.29 and a 200 day simple moving average of $28.11.

Gentex (NASDAQ:GNTX) last issued 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 return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, analysts forecast 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 will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Wednesday, April 9th. Gentex’s payout ratio is 27.27%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GNTX shares. Guggenheim set a $30.00 price objective on shares of Gentex in a research report on Wednesday, March 5th. Robert W. Baird set a $31.00 price target on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. UBS Group dropped their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, B. Riley reissued a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Gentex has an average rating of “Hold” and a consensus target price 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.