Kestra Investment Management LLC Sells 17,480 Shares of Gentex Co. (NASDAQ:GNTX)

Kestra Investment Management LLC reduced its stake in Gentex Co. (NASDAQ:GNTXFree Report) by 40.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,088 shares of the auto parts company’s stock after selling 17,480 shares during the period. Kestra Investment Management LLC’s holdings in Gentex were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. EdgePoint Investment Group Inc. grew its stake in shares of Gentex by 1.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock valued at $228,611,000 after purchasing an additional 111,500 shares during the period. Geode Capital Management LLC grew its stake in shares of Gentex by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock valued at $159,406,000 after purchasing an additional 285,802 shares during the period. Disciplined Growth Investors Inc. MN grew its position in Gentex by 5.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company’s stock worth $133,424,000 after acquiring an additional 234,083 shares during the last quarter. JPMorgan Chase & Co. grew its position in Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after acquiring an additional 1,285,519 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Gentex by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company’s stock worth $46,163,000 after acquiring an additional 6,106 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Stock Up 1.2 %

NASDAQ:GNTX opened at $24.77 on Wednesday. The stock’s fifty day simple moving average is $27.72 and its 200-day simple moving average is $29.18. The firm has a market capitalization of $5.63 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.86 and a beta of 0.91. Gentex Co. has a 12-month low of $24.35 and a 12-month high of $37.58.

Gentex (NASDAQ:GNTXGet Free Report) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 period in the prior year, the business earned $0.50 EPS. As a group, equities research analysts expect that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.94%. Gentex’s dividend payout ratio is presently 27.27%.

Analyst Ratings Changes

GNTX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. UBS Group decreased their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird increased their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, B. Riley reiterated a “buy” rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.06.

Get Our Latest Research Report on GNTX

Gentex Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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