Gentex Co. (NASDAQ:GNTX) Stake Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,159 shares of the auto parts company’s stock after acquiring an additional 15,689 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.20% of Gentex worth $13,307,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Gentex by 179.7% during the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after purchasing an additional 1,285,519 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Gentex by 16.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock worth $80,079,000 after acquiring an additional 386,461 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Gentex by 5.6% during the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock worth $159,406,000 after acquiring an additional 285,802 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Gentex during the fourth quarter valued at $24,479,000. Finally, BCGM Wealth Management LLC grew its stake in Gentex by 64.2% in the fourth quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company’s stock valued at $1,630,000 after purchasing an additional 22,180 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Price Performance

GNTX stock opened at $24.52 on Wednesday. The company has a 50-day moving average of $25.42 and a two-hundred day moving average of $28.16. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Gentex Co. has a 52-week low of $23.50 and a 52-week high of $36.46.

Gentex (NASDAQ:GNTX) last announced 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 net margin of 17.49% and a return on equity of 16.74%. During the same period in the prior year, the company posted $0.50 EPS. Equities analysts expect that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s payout ratio is currently 27.27%.

Wall Street Analyst Weigh In

GNTX has been the subject of several research reports. B. Riley reiterated a “buy” rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. UBS Group reduced their target price on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Guggenheim set a $30.00 target price on shares of Gentex in a research report on Wednesday, March 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.81.

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.