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

Shares of Gentex Co. (NASDAQ:GNTX) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.13.

GNTX has been the topic of a number of recent analyst reports. Guggenheim cut their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Bank of America cut their target price on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Robert W. Baird boosted their price target on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th.

Gentex Price Performance

NASDAQ GNTX opened at $28.22 on Friday. The company has a 50-day moving average of $29.06 and a 200-day moving average of $29.89. Gentex has a 12 month low of $26.58 and a 12 month high of $37.58. The company has a market cap of $6.42 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.87 and a beta of 0.91.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.70%. Gentex’s dividend payout ratio (DPR) is currently 25.67%.

Hedge Funds Weigh In On Gentex

Several hedge funds and other institutional investors have recently bought and sold shares of GNTX. Allworth Financial LP grew its position in Gentex by 956.6% in the fourth quarter. Allworth Financial LP now owns 6,720 shares of the auto parts company’s stock valued at $188,000 after acquiring an additional 6,084 shares in the last quarter. Rhumbline Advisers grew its holdings in Gentex by 0.3% during the 4th quarter. Rhumbline Advisers now owns 691,419 shares of the auto parts company’s stock valued at $19,864,000 after purchasing an additional 2,148 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Gentex during the 4th quarter valued at $210,000. Portfolio Design Labs LLC purchased a new stake in Gentex during the 4th quarter worth $202,000. Finally, Lightrock Netherlands B.V. acquired a new position in Gentex in the 4th quarter worth $9,443,000. 86.76% of the stock is owned by institutional investors and hedge funds.

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.