Northstar Investment Advisors LLC lowered its stake in shares of Gentex Co. (NASDAQ:GNTX) by 35.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 180,523 shares of the auto parts company’s stock after selling 100,535 shares during the period. Northstar Investment Advisors LLC owned approximately 0.07% of Gentex worth $3,648,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bruderman Asset Management LLC purchased a new stake in Gentex in the 2nd quarter worth approximately $112,000. Jane Street Group LLC purchased a new stake in Gentex in the 3rd quarter worth approximately $296,000. First Hawaiian Bank purchased a new stake in Gentex in the 3rd quarter worth approximately $306,000. Virtu Financial LLC purchased a new stake in Gentex in the 3rd quarter worth approximately $313,000. Finally, Carnegie Capital Asset Management LLC purchased a new stake in Gentex in the 3rd quarter worth approximately $338,000. Institutional investors and hedge funds own 85.93% of the company’s stock.
Several equities research analysts recently issued reports on GNTX shares. BMO Capital Markets reduced their target price on shares of Gentex from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, October 22nd. KeyCorp assumed coverage on shares of Gentex in a report on Monday, December 10th. They set a “sector weight” rating for the company. Zacks Investment Research raised shares of Gentex from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, December 31st. Jefferies Financial Group assumed coverage on shares of Gentex in a report on Tuesday, December 4th. They set a “hold” rating and a $24.00 price objective for the company. Finally, BidaskClub lowered shares of Gentex from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.11.
Shares of GNTX stock traded down $0.06 on Friday, reaching $21.91. The company’s stock had a trading volume of 6,300 shares, compared to its average volume of 1,691,298. Gentex Co. has a 1 year low of $17.80 and a 1 year high of $25.41. The firm has a market cap of $5.65 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.11.
Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, October 19th. The auto parts company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Gentex had a net margin of 25.11% and a return on equity of 21.83%. The firm had revenue of $460.25 million during the quarter, compared to analyst estimates of $465.51 million. During the same period last year, the firm posted $0.31 earnings per share. Gentex’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts anticipate that Gentex Co. will post 1.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, January 8th. Gentex’s dividend payout ratio (DPR) is presently 34.38%.
Gentex Corporation provides automatic-dimming and non-dimming rearview mirrors, and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
Read More: Quick Ratio
Want to see what other hedge funds are holding GNTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentex Co. (NASDAQ:GNTX).
Receive News & Ratings for Gentex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex and related companies with MarketBeat.com's FREE daily email newsletter.