Gentex Co. (NASDAQ:GNTX) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP raised its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 328,487 shares of the auto parts company’s stock after acquiring an additional 21,436 shares during the quarter. Systematic Financial Management LP owned approximately 0.14% of Gentex worth $9,437,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its stake in Gentex by 6.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock valued at $214,000 after purchasing an additional 457 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 valued at $70,000 after buying an additional 593 shares in the last quarter. ProShare Advisors LLC raised its stake in Gentex by 6.0% during the 4th quarter. ProShare Advisors LLC now owns 10,641 shares of the auto parts company’s stock worth $306,000 after acquiring an additional 605 shares in the last quarter. Scotia Capital Inc. raised its stake in Gentex by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 126,325 shares of the auto parts company’s stock worth $3,629,000 after acquiring an additional 608 shares in the last quarter. Finally, Smith Moore & CO. lifted its position in Gentex by 3.5% in the fourth quarter. Smith Moore & CO. now owns 18,666 shares of the auto parts company’s stock valued at $536,000 after acquiring an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Price Performance

Gentex stock opened at $23.07 on Friday. The business has a 50 day simple moving average of $22.49 and a 200-day simple moving average of $26.06. Gentex Co. has a 12 month low of $20.28 and a 12 month high of $35.32. The stock has a market capitalization of $5.19 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85.

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

Gentex Dividend Announcement

The company also recently disclosed 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 2.08%. Gentex’s payout ratio is currently 28.07%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $25.00 price objective (down previously from $31.00) on shares of Gentex in a report on Tuesday, April 15th. The Goldman Sachs Group cut their price target on Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. UBS Group reduced their price objective on Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Baird R W lowered shares of Gentex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.31.

Gentex Company 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.