Boothbay Fund Management LLC Increases Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Boothbay Fund Management LLC grew its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 21.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,374 shares of the auto parts company’s stock after purchasing an additional 2,035 shares during the quarter. Boothbay Fund Management LLC’s holdings in Gentex were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNTX. 180 Wealth Advisors LLC increased its holdings in Gentex by 0.7% during the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after buying an additional 437 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Gentex by 6.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock worth $214,000 after purchasing an additional 457 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Gentex by 32.5% in 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 purchasing an additional 593 shares during the period. Scotia Capital Inc. lifted its position in Gentex by 0.5% during the fourth quarter. Scotia Capital Inc. now owns 126,325 shares of the auto parts company’s stock valued at $3,629,000 after purchasing an additional 608 shares in the last quarter. Finally, Smith Moore & CO. grew its holdings in Gentex by 3.5% during the fourth quarter. Smith Moore & CO. now owns 18,666 shares of the auto parts company’s stock valued at $536,000 after purchasing an additional 632 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GNTX. Robert W. Baird reaffirmed a “neutral” rating and set a $25.00 price objective (down from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of 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 price objective on shares of Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Baird R W cut shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, B. Riley reiterated a “buy” rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Gentex currently has an average rating of “Hold” and a consensus price target of $28.31.

Gentex Stock Down 0.4 %

GNTX stock opened at $21.57 on Friday. Gentex Co. has a 52 week low of $20.28 and a 52 week high of $35.33. The firm has a market capitalization of $4.88 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84. The company has a fifty day simple moving average of $22.96 and a two-hundred day simple moving average of $26.62.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $576.77 million during the quarter, compared to analyst estimates of $578.68 million. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. As a group, analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were given a $0.12 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. Gentex’s dividend payout ratio is presently 28.07%.

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.