Inceptionr LLC Invests $1.13 Million in Gentex Co. (NASDAQ:GNTX)

Inceptionr LLC bought a new position in shares of Gentex Co. (NASDAQ:GNTX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 39,463 shares of the auto parts company’s stock, valued at approximately $1,134,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EdgePoint Investment Group Inc. boosted its stake in shares of Gentex by 1.5% during the third quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock valued at $228,611,000 after purchasing an additional 111,500 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Gentex by 5.6% during the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock valued at $159,406,000 after purchasing an additional 285,802 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of Gentex by 5.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company’s stock valued at $133,424,000 after purchasing an additional 234,083 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Gentex by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock valued at $80,079,000 after purchasing an additional 386,461 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Gentex by 179.7% during the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after purchasing an additional 1,285,519 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Trading Up 1.9 %

NASDAQ:GNTX opened at $25.08 on Friday. Gentex Co. has a 12 month low of $23.63 and a 12 month high of $37.58. The firm has a fifty day simple moving average of $26.32 and a 200-day simple moving average of $28.76. The company has a market capitalization of $5.70 billion, a P/E ratio of 14.25, a PEG ratio of 0.84 and a beta of 0.91.

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

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 dividend yield of 1.91%. Gentex’s payout ratio is currently 27.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GNTX shares. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. UBS Group lowered 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. B. Riley restated a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Finally, Guggenheim lowered their target price on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.