Sei Investments Co. Sells 71,469 Shares of Gentex Co. (NASDAQ:GNTX)

Sei Investments Co. decreased its position in shares of Gentex Co. (NASDAQ:GNTX) by 18.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 310,934 shares of the auto parts company’s stock after selling 71,469 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Gentex worth $8,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EdgePoint Investment Group Inc. lifted its holdings in 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 during the last quarter. Geode Capital Management LLC lifted 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 valued at $159,406,000 after buying an additional 285,802 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Gentex by 5.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company’s stock worth $133,424,000 after buying an additional 234,083 shares during the period. Bank of New York Mellon Corp grew its stake in Gentex by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock valued at $80,079,000 after buying an additional 386,461 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after acquiring an additional 1,285,519 shares during the period. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Performance

Gentex stock opened at $23.40 on Monday. Gentex Co. has a fifty-two week low of $23.27 and a fifty-two week high of $36.46. The firm’s fifty day moving average price is $25.20 and its 200-day moving average price is $28.05. The stock has a market cap of $5.32 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

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 return on equity of 16.74% and a net margin of 17.49%. During the same period in the prior year, the business posted $0.50 EPS. On average, analysts predict that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued 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 dividend yield of 2.05%. Gentex’s payout ratio is 27.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Guggenheim set a $30.00 target price on Gentex in a report on Wednesday, March 5th. UBS Group lowered their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.81.

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.