Gentex Co. (NASDAQ:GNTX) Shares Acquired by Choreo LLC

Choreo LLC boosted its position in Gentex Co. (NASDAQ:GNTX) by 27.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,511 shares of the auto parts company’s stock after purchasing an additional 3,154 shares during the period. Choreo LLC’s holdings in Gentex were worth $415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in shares of Gentex in the fourth quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Gentex by 227.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 1,269 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Gentex during the 3rd quarter valued at about $125,000. GAMMA Investing LLC grew its stake in shares of Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after purchasing an additional 3,152 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Gentex by 13.3% in the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock worth $168,000 after purchasing an additional 667 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Gentex Price Performance

NASDAQ:GNTX opened at $24.39 on Thursday. The stock has a market cap of $5.55 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. Gentex Co. has a fifty-two week low of $24.38 and a fifty-two week high of $37.58. The stock’s 50-day moving average is $28.17 and its two-hundred day moving average is $29.36.

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 in the previous year, the company earned $0.50 EPS. On average, equities research analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. Gentex’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

GNTX has been the subject of a number of research reports. Robert W. Baird lifted their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. 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 report on Monday, February 3rd. Guggenheim reduced their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. UBS Group dropped their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, B. Riley restated a “buy” rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Gentex presently has a consensus rating of “Hold” and a consensus price target of $33.06.

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.