Gentex Co. (NASDAQ:GNTX) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Gentex Co. (NASDAQ:GNTX) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,560,100 shares of the auto parts company’s stock after purchasing an additional 5,277 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of Gentex worth $44,822,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new position in Gentex in the 4th quarter worth $26,000. Synergy Asset Management LLC acquired a new position in shares of Gentex in the fourth quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 593 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Gentex during the third quarter valued at approximately $125,000. Finally, GAMMA Investing LLC boosted its stake in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after buying an additional 3,152 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Gentex Trading Up 1.9 %

Shares of NASDAQ GNTX opened at $24.31 on Friday. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 0.84 and a beta of 0.90. The stock’s 50-day moving average is $25.87 and its 200 day moving average is $28.52. Gentex Co. has a 1-year low of $23.63 and a 1-year high of $36.75.

Gentex (NASDAQ:GNTX) last issued its 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 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 earnings per share. On average, analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date 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.