Gentex (NASDAQ:GNTX) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Gentex (NASDAQ:GNTX) from a buy rating to a hold rating in a research note released on Monday.

GNTX has been the topic of a number of other reports. The Goldman Sachs Group upped their target price on shares of Gentex from $31.00 to $35.00 and gave the company a neutral rating in a research report on Monday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Gentex from $36.00 to $37.00 and gave the company a neutral rating in a research report on Thursday, January 25th. B. Riley upped their price target on Gentex from $42.00 to $44.00 and gave the company a buy rating in a research note on Wednesday, March 20th. Finally, Guggenheim upped their price target on Gentex from $40.00 to $41.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Gentex presently has an average rating of Hold and a consensus target price of $37.83.

Gentex Trading Up 0.4 %

Gentex stock opened at $34.86 on Monday. Gentex has a 1 year low of $25.86 and a 1 year high of $37.58. The company has a market cap of $8.06 billion, a PE ratio of 18.44, a PEG ratio of 0.73 and a beta of 0.99. The company’s 50-day moving average is $35.67 and its two-hundred day moving average is $33.13.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Gentex had a net margin of 18.77% and a return on equity of 19.19%. The company had revenue of $590.23 million for the quarter, compared to the consensus estimate of $600.38 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. Research analysts forecast that Gentex will post 2.17 EPS for the current year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, April 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.38%. Gentex’s dividend payout ratio (DPR) is presently 25.40%.

Insider Buying and Selling

In related news, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total transaction of $446,040.00. Following the completion of the sale, the chief financial officer now directly owns 44,321 shares of the company’s stock, valued at approximately $1,464,365.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Richard O. Schaum sold 6,022 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the completion of the transaction, the director now directly owns 62,555 shares of the company’s stock, valued at approximately $2,122,491.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin C. Nash sold 13,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total transaction of $446,040.00. Following the transaction, the chief financial officer now directly owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gentex

Hedge funds have recently made changes to their positions in the business. Neo Ivy Capital Management acquired a new stake in shares of Gentex in the 4th quarter valued at approximately $29,000. National Bank of Canada FI boosted its holdings in shares of Gentex by 159.1% in the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock valued at $30,000 after buying an additional 571 shares during the last quarter. VisionPoint Advisory Group LLC boosted its holdings in shares of Gentex by 123.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock valued at $39,000 after buying an additional 665 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Gentex in the 4th quarter valued at approximately $46,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Gentex by 371.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock valued at $89,000 after buying an additional 2,157 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

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.