Bank of Montreal Can Has $10.64 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Bank of Montreal Can decreased its position in shares of Gentex Co. (NASDAQ:GNTX) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 370,297 shares of the auto parts company’s stock after selling 7,378 shares during the period. Bank of Montreal Can owned approximately 0.16% of Gentex worth $10,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Gentex by 162.4% in the 4th quarter. JPMorgan Chase & Co. now owns 5,249,230 shares of the auto parts company’s stock valued at $150,810,000 after acquiring an additional 3,248,434 shares in the last quarter. Norges Bank acquired a new position in Gentex in the fourth quarter valued at about $51,959,000. Wellington Management Group LLP lifted its position in Gentex by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 18,023,056 shares of the auto parts company’s stock worth $517,802,000 after purchasing an additional 1,038,912 shares during the period. Raymond James Financial Inc. acquired a new stake in Gentex during the fourth quarter worth about $24,479,000. Finally, American Century Companies Inc. increased its holdings in Gentex by 66.9% in the 4th quarter. American Century Companies Inc. now owns 1,657,397 shares of the auto parts company’s stock valued at $47,617,000 after buying an additional 664,389 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on GNTX shares. Guggenheim set a $30.00 price target on shares of Gentex in a research report on Wednesday, March 5th. The Goldman Sachs Group reduced their target price on Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group lowered their price target on Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, B. Riley reissued a “buy” rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.81.

Gentex Trading Up 1.1 %

Gentex stock opened at $21.17 on Monday. The stock has a 50-day moving average price of $23.89 and a two-hundred day moving average price of $27.40. Gentex Co. has a 12 month low of $20.28 and a 12 month high of $35.33. The company has a market capitalization of $4.79 billion, a PE ratio of 12.03, a P/E/G ratio of 0.84 and a beta of 0.84.

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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the prior year, the business posted $0.50 earnings per share. As a group, analysts predict 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 will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.27%. Gentex’s dividend payout ratio is 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.