Gentex Co. (NASDAQ:GNTX) Stock Holdings Increased by Triodos Investment Management BV

Triodos Investment Management BV raised its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 801,000 shares of the auto parts company’s stock after buying an additional 50,000 shares during the period. Gentex comprises approximately 1.9% of Triodos Investment Management BV’s investment portfolio, making the stock its 27th biggest position. Triodos Investment Management BV’s holdings in Gentex were worth $23,013,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC purchased a new stake in Gentex during the fourth quarter valued at about $26,000. TD Private Client Wealth LLC boosted its position in shares of Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after buying an additional 662 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Gentex in the fourth quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Gentex by 32.5% during the fourth 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 during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Gentex in the 3rd quarter worth about $125,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GNTX shares. Robert W. Baird set a $31.00 target price on Gentex in a research note on Monday, February 3rd. UBS Group decreased 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. JPMorgan Chase & Co. dropped their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. B. Riley reissued a “buy” rating and set a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.81.

Gentex Stock Performance

Shares of GNTX stock opened at $23.88 on Friday. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.84 and a beta of 0.90. The stock’s 50 day simple moving average is $25.29 and its 200 day simple moving average is $28.11. Gentex Co. has a twelve month low of $23.50 and a twelve month high of $36.46.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) 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 quarter in the prior year, the company earned $0.50 EPS. On average, analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a yield of 2.01%. Gentex’s payout ratio is 27.27%.

About Gentex

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.