Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Holdings in Gentex Co. (NASDAQ:GNTX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Gentex Co. (NASDAQ:GNTX) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,229 shares of the auto parts company’s stock after selling 518 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Gentex were worth $1,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Midwest Capital Advisors LLC acquired a new position in Gentex during the 4th quarter valued at approximately $26,000. Synergy Asset Management LLC purchased a new stake in shares of Gentex during the fourth quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. increased its position 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 acquiring an additional 593 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Gentex in the 3rd quarter worth $125,000. Finally, GAMMA Investing LLC lifted its position in Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after acquiring an additional 3,152 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GNTX. UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 price objective on shares of Gentex in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. 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 has a consensus rating of “Hold” and an average price target of $31.81.

Gentex Stock Up 0.4 %

GNTX stock opened at $24.52 on Wednesday. Gentex Co. has a 52-week low of $23.50 and a 52-week high of $36.46. The firm has a market cap of $5.57 billion, a P/E ratio of 13.93, a PEG ratio of 0.84 and a beta of 0.90. The company’s 50-day simple moving average is $25.42 and its 200-day simple moving average is $28.16.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 previous year, the company posted $0.50 EPS. On average, analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

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

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.