Sanctuary Advisors LLC Raises Holdings in Gentex Co. (NASDAQ:GNTX)

Sanctuary Advisors LLC grew its position in shares of Gentex Co. (NASDAQ:GNTX) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,994 shares of the auto parts company’s stock after purchasing an additional 731 shares during the quarter. Sanctuary Advisors LLC’s holdings in Gentex were worth $367,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GNTX. JPMorgan Chase & Co. grew its holdings in shares of Gentex by 179.7% during the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after purchasing an additional 1,285,519 shares during the last quarter. Bridgewater Associates LP grew its holdings in shares of Gentex by 249.1% during the third quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company’s stock worth $18,338,000 after purchasing an additional 440,725 shares during the last quarter. Cidel Asset Management Inc. purchased a new position in shares of Gentex during the fourth quarter worth about $11,815,000. Citigroup Inc. grew its holdings in shares of Gentex by 327.8% during the third quarter. Citigroup Inc. now owns 483,842 shares of the auto parts company’s stock worth $14,365,000 after purchasing an additional 370,746 shares during the last quarter. Finally, Lightrock Netherlands B.V. purchased a new position in shares of Gentex during the fourth quarter worth about $9,443,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Stock Down 0.5 %

Shares of NASDAQ:GNTX opened at $24.19 on Tuesday. The company has a market cap of $5.50 billion, a P/E ratio of 13.74, a PEG ratio of 0.84 and a beta of 0.91. Gentex Co. has a 52 week low of $24.03 and a 52 week high of $37.58. The company has a 50-day moving average price of $26.60 and a 200 day moving average price of $28.86.

Gentex (NASDAQ:GNTX) last announced 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter last year, the company posted $0.50 earnings per share. Analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.98%. Gentex’s payout ratio is currently 27.27%.

Analysts Set New Price Targets

Several equities analysts have issued reports on GNTX shares. UBS Group dropped their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Guggenheim decreased their target price on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. B. Riley reiterated a “buy” rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 target price on shares of Gentex in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Gentex has a consensus rating of “Hold” and a consensus price target of $32.31.

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.