Lakeshore Financial Planning Inc. Cuts Stake in Gentex Co. (NASDAQ:GNTX)

Lakeshore Financial Planning Inc. reduced its position in shares of Gentex Co. (NASDAQ:GNTX) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,900 shares of the auto parts company’s stock after selling 1,187 shares during the quarter. Lakeshore Financial Planning Inc.’s holdings in Gentex were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNTX. Midwest Capital Advisors LLC purchased a new stake in shares of Gentex during the 4th quarter valued at about $26,000. TD Private Client Wealth LLC raised its stake in Gentex by 138.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after acquiring an additional 662 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Gentex during the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after buying an additional 593 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex during the third quarter valued at approximately $125,000. 86.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Guggenheim set a $30.00 target price on shares of Gentex in a report on Wednesday, March 5th. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research note on Monday, February 3rd. B. Riley reiterated a “buy” rating and set a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group decreased their price objective on 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 given a buy rating to the company’s stock. According to data from MarketBeat, Gentex has an average rating of “Hold” and an average target price of $31.81.

Gentex Price Performance

Shares of Gentex stock opened at $24.09 on Friday. The business has a 50-day moving average of $25.59 and a 200 day moving average of $28.33. Gentex Co. has a 12 month low of $23.50 and a 12 month high of $36.75. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

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

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.99%. Gentex’s dividend payout ratio (DPR) is currently 27.27%.

Gentex 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.