Pacer Advisors Inc. Sells 12,792 Shares of Gentex Co. (NASDAQ:GNTX)

Pacer Advisors Inc. decreased its position in shares of Gentex Co. (NASDAQ:GNTX) by 27.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,906 shares of the auto parts company’s stock after selling 12,792 shares during the period. Pacer Advisors Inc.’s holdings in Gentex were worth $974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GNTX. EdgePoint Investment Group Inc. boosted its stake in shares of Gentex by 1.5% during the third quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock valued at $228,611,000 after purchasing an additional 111,500 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Gentex by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock worth $159,406,000 after acquiring an additional 285,802 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Gentex by 5.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company’s stock valued at $133,424,000 after purchasing an additional 234,083 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Gentex by 179.7% in the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after acquiring an additional 1,285,519 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $46,163,000 after purchasing an additional 6,106 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GNTX has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. B. Riley reissued a “buy” rating and issued a $32.50 target price (down previously from $37.00) on shares of Gentex in a research report on Monday. UBS Group cut their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday. Guggenheim decreased their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their price target on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.06.

Gentex Trading Down 2.9 %

NASDAQ GNTX opened at $25.17 on Tuesday. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.86 and a beta of 0.91. The company has a 50 day moving average of $28.94 and a 200-day moving average of $29.75. Gentex Co. has a 1-year low of $24.57 and a 1-year high of $37.58.

Gentex (NASDAQ:GNTX) last issued its 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 period last year, the firm posted $0.50 earnings per share. On average, equities research analysts forecast that Gentex Co. will post 2.1 earnings per share for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s dividend payout ratio is currently 27.27%.

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.