Landscape Capital Management L.L.C. Takes Position in Gentex Co. (NASDAQ:GNTX)

Landscape Capital Management L.L.C. purchased a new position in Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,426 shares of the auto parts company’s stock, valued at approximately $644,000.

Several other large investors also recently added to or reduced their stakes in GNTX. Headlands Technologies LLC purchased a new position in shares of Gentex in the 4th quarter worth approximately $330,000. Geode Capital Management LLC boosted its stake in Gentex by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,423,820 shares of the auto parts company’s stock worth $155,861,000 after buying an additional 55,816 shares during the period. Wellington Management Group LLP raised its stake in shares of Gentex by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 18,023,056 shares of the auto parts company’s stock valued at $517,802,000 after acquiring an additional 1,038,912 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Gentex by 7.1% in the 4th quarter. Schroder Investment Management Group now owns 838,907 shares of the auto parts company’s stock worth $23,993,000 after acquiring an additional 55,361 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Gentex by 11.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 34,075 shares of the auto parts company’s stock worth $979,000 after acquiring an additional 3,515 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

Gentex Stock Performance

Shares of GNTX opened at $22.14 on Monday. The company has a 50 day moving average price of $24.70 and a 200-day moving average price of $27.83. Gentex Co. has a fifty-two week low of $21.56 and a fifty-two week high of $36.24. The stock has a market capitalization of $5.03 billion, a PE ratio of 12.58, a PEG ratio of 0.84 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 business posted $0.50 EPS. Equities research analysts forecast that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.17%. Gentex’s dividend payout ratio is presently 27.27%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GNTX. JPMorgan Chase & Co. cut their price target on shares of Gentex from $34.00 to $32.00 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 Gentex in a research note on Monday, February 3rd. B. Riley reaffirmed a “buy” rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 target price on Gentex in a research report on Wednesday, March 5th. Finally, UBS Group decreased their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.81.

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.