Proficio Capital Partners LLC Acquires Shares of 31,057 Gentex Co. (NASDAQ:GNTX)

Proficio Capital Partners LLC acquired a new stake in Gentex Co. (NASDAQ:GNTX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,057 shares of the auto parts company’s stock, valued at approximately $892,000.

Other institutional investors also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new position in shares of Gentex in the fourth quarter valued at approximately $26,000. Synergy Asset Management LLC purchased a new position in shares of Gentex in the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Gentex by 32.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after acquiring an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Gentex in the third quarter valued at approximately $125,000. Finally, GAMMA Investing LLC lifted its position in shares of Gentex by 159.1% in the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after acquiring an additional 3,152 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Stock Performance

Shares of Gentex stock opened at $25.39 on Friday. Gentex Co. has a one year low of $23.63 and a one year high of $36.75. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.84 and a beta of 0.90. The business’s 50 day moving average price is $26.25 and its 200 day moving average price is $28.72.

Gentex (NASDAQ:GNTX) last posted its earnings results 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 period in the previous year, the company posted $0.50 earnings per share. On average, analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.89%. Gentex’s dividend payout ratio is currently 27.27%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird set a $31.00 target price on Gentex in a research report on Monday, February 3rd. B. Riley restated 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, February 3rd. UBS Group decreased 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, Guggenheim reduced their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $32.31.

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.