Gentex Co. (NASDAQ:GNTX) Receives Consensus Rating of “Hold” from Analysts

Shares of Gentex Co. (NASDAQ:GNTX) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.31.

GNTX has been the subject of several analyst reports. Robert W. Baird set a $31.00 price target on Gentex in a research note on Monday, February 3rd. UBS Group cut their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. B. Riley reaffirmed a “buy” rating and issued a $32.50 target price (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim cut their price target 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. 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.

Gentex Stock Performance

NASDAQ GNTX opened at $24.50 on Tuesday. Gentex has a one year low of $24.10 and a one year high of $37.58. The firm has a market cap of $5.57 billion, a PE ratio of 13.92, a P/E/G ratio of 0.84 and a beta of 0.91. The firm’s fifty day moving average is $27.10 and its two-hundred day moving average is $29.02.

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 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 last year, the firm posted $0.50 earnings per share. Research analysts predict that Gentex will post 2.04 earnings per share for the current year.

Institutional Trading of Gentex

Institutional investors have recently added to or reduced their stakes in the stock. Midwest Capital Advisors LLC purchased a new position in Gentex in the fourth quarter valued at about $26,000. TD Private Client Wealth LLC grew its holdings in shares of Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after acquiring an additional 662 shares during the period. Synergy Asset Management LLC purchased a new position in Gentex in the 4th quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 593 shares during the last quarter. Finally, LRI Investments LLC boosted its position in Gentex by 33.2% during the fourth quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock worth $79,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.