Gentex Co. (NASDAQ:GNTX) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,445 shares of the auto parts company’s stock after acquiring an additional 457 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Gentex were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNTX. Midwest Capital Advisors LLC acquired a new position in shares of Gentex in the 4th quarter worth approximately $26,000. Synergy Asset Management LLC bought a new stake in Gentex during the fourth quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its position 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 buying an additional 593 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Gentex in the third quarter valued at $125,000. Finally, GAMMA Investing LLC lifted its position 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 acquiring an additional 3,152 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. cut their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Robert W. Baird set a $31.00 target price on shares of Gentex in a report on Monday, February 3rd. B. Riley restated a “buy” rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. Finally, UBS Group decreased their price objective 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. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.31.

Gentex Stock Performance

Shares of GNTX opened at $25.39 on Friday. The company has a market capitalization of $5.77 billion, a PE ratio of 14.43, a PEG ratio of 0.84 and a beta of 0.90. The company’s 50 day moving average price is $26.25 and its 200 day moving average price is $28.73. Gentex Co. has a 52 week low of $23.63 and a 52 week high of $37.48.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate 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 firm earned $0.50 EPS. On average, equities analysts forecast that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio (DPR) 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.