Gentex Co. (NASDAQ:GNTX) Stock Holdings Lessened by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV lowered its stake in Gentex Co. (NASDAQ:GNTX) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,112 shares of the auto parts company’s stock after selling 446 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Gentex were worth $1,038,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Midwest Capital Advisors LLC acquired a new stake in Gentex during the 4th quarter valued at $26,000. Synergy Asset Management LLC acquired a new stake in Gentex during the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Gentex by 32.5% during 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 purchasing an additional 593 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Gentex during the 3rd quarter valued at $125,000. Finally, GAMMA Investing LLC raised its stake in Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after purchasing an additional 3,152 shares during the period. Institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on GNTX shares. B. Riley reissued a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. UBS Group cut their target price on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price target on shares of Gentex in a report on Monday, February 3rd. Guggenheim lowered their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lowered 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.31.

Gentex Trading Down 0.9 %

Shares of NASDAQ:GNTX opened at $24.37 on Monday. The stock has a market capitalization of $5.54 billion, a PE ratio of 13.85, a P/E/G ratio of 0.84 and a beta of 0.91. Gentex Co. has a 1 year low of $24.20 and a 1 year high of $37.58. The firm has a fifty day moving average price of $27.21 and a 200 day moving average price of $29.05.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data 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 quarter in the prior year, the firm earned $0.50 earnings per share. On average, sell-side analysts forecast that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Wednesday, January 8th. 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.