Gentex Co. (NASDAQ:GNTX) Stock Holdings Increased by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. boosted its position in Gentex Co. (NASDAQ:GNTX) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,516,817 shares of the auto parts company’s stock after buying an additional 86,929 shares during the period. Gentex accounts for approximately 1.6% of Burgundy Asset Management Ltd.’s holdings, making the stock its 25th biggest holding. Burgundy Asset Management Ltd.’s holdings in Gentex were worth $158,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings 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 buying an additional 457 shares during the last quarter. ProShare Advisors LLC boosted its stake in Gentex by 6.0% in the fourth quarter. ProShare Advisors LLC now owns 10,641 shares of the auto parts company’s stock valued at $306,000 after acquiring an additional 605 shares during the period. Scotia Capital Inc. boosted its stake in Gentex by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 126,325 shares of the auto parts company’s stock valued at $3,629,000 after acquiring an additional 608 shares during the period. Smith Moore & CO. boosted its stake 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 period. Finally, Treasurer of the State of North Carolina boosted its stake in Gentex by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 101,711 shares of the auto parts company’s stock valued at $2,922,000 after acquiring an additional 640 shares during the period. 86.76% of the stock is owned by institutional investors.

Insider Activity at Gentex

In related news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $22.87, for a total value of $86,082.68. Following the completion of the sale, the director now owns 5,939 shares in the company, valued at approximately $135,824.93. This trade represents a 38.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Gentex Trading Down 0.9%

NASDAQ GNTX opened at $21.96 on Friday. Gentex Co. has a 1-year low of $20.28 and a 1-year high of $35.32. The company has a market capitalization of $4.94 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85. The firm’s fifty day simple moving average is $22.35 and its 200-day simple moving average is $25.87.

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

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Wednesday, April 9th. Gentex’s payout ratio is presently 28.07%.

Analyst Upgrades and Downgrades

GNTX has been the subject of a number of research reports. B. Riley restated a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. UBS Group decreased their target price on Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Robert W. Baird restated a “neutral” rating and issued a $25.00 target price (down from $31.00) on shares of Gentex in a research note on Tuesday, April 15th. Finally, Baird R W downgraded Gentex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.