Avantax Advisory Services Inc. Cuts Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Avantax Advisory Services Inc. lessened its holdings in Gentex Co. (NASDAQ:GNTX) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,764 shares of the auto parts company’s stock after selling 454 shares during the period. Avantax Advisory Services Inc.’s holdings in Gentex were worth $223,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Midwest Capital Advisors LLC bought a new stake in shares of Gentex in the 4th quarter valued at about $26,000. Synergy Asset Management LLC acquired a new stake in Gentex in the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 worth $70,000 after purchasing an additional 593 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Gentex during the third quarter worth $125,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after purchasing an additional 3,152 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on GNTX. 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 note on Monday, February 3rd. UBS Group lowered their target price on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research note on Monday, February 3rd. Guggenheim set a $30.00 price objective on shares of Gentex in a research note on Wednesday, March 5th. Finally, B. Riley reissued a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.81.

Gentex Trading Up 1.0 %

Shares of GNTX stock opened at $24.76 on Thursday. Gentex Co. has a twelve month low of $23.50 and a twelve month high of $36.46. The stock has a 50 day moving average of $25.37 and a 200 day moving average of $28.14. The stock has a market cap of $5.63 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.84 and a beta of 0.90.

Gentex (NASDAQ:GNTX) last announced 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 previous year, the company earned $0.50 EPS. On average, research analysts predict that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.94%. Gentex’s dividend payout ratio is presently 27.27%.

Gentex 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.