XXEC Inc. Sells 12,423 Shares of Gentex Co. (NASDAQ:GNTX)

XXEC Inc. trimmed its stake in shares of Gentex Co. (NASDAQ:GNTX) by 7.2% during the fourth quarter, Holdings Channel reports. The firm owned 159,883 shares of the auto parts company’s stock after selling 12,423 shares during the period. Gentex comprises 3.8% of XXEC Inc.’s holdings, making the stock its 12th biggest holding. XXEC Inc.’s holdings in Gentex were worth $4,593,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GNTX. Lindenwold Advisors INC increased its position in shares of Gentex by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock worth $372,000 after purchasing an additional 347 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Gentex by 5.8% during the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after buying an additional 408 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Gentex by 0.7% during the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after buying an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Gentex by 6.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 457 shares during the last quarter. Finally, Intellectus Partners LLC boosted its holdings in shares of Gentex by 6.1% in the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock worth $251,000 after acquiring an additional 484 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Stock Down 0.8 %

Shares of GNTX stock opened at $24.00 on Wednesday. Gentex Co. has a 12 month low of $23.63 and a 12 month high of $37.58. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.84 and a beta of 0.91. The stock has a 50-day moving average price of $26.50 and a 200 day moving average price of $28.82.

Gentex (NASDAQ:GNTX) last posted its quarterly 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 quarter in the prior year, the company earned $0.50 EPS. Sell-side analysts predict that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, April 9th. Gentex’s dividend payout ratio (DPR) is currently 27.27%.

Analyst Ratings Changes

A number of research firms recently commented on GNTX. B. Riley reaffirmed 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. Robert W. Baird set a $31.00 target price on Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Guggenheim reduced their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, UBS Group lowered their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Gentex has a consensus rating of “Hold” and an average target price of $32.31.

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.