Gentex (NASDAQ:GNTX) Rating Lowered to “Hold” at Baird R W

Gentex (NASDAQ:GNTX) was downgraded by stock analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on GNTX. UBS Group lowered their target price on Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Robert W. Baird reiterated a “neutral” rating and issued a $25.00 price target (down from $31.00) on shares of Gentex in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on Gentex from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Finally, Guggenheim set a $30.00 price target on shares of Gentex in a research report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Gentex presently has a consensus rating of “Hold” and a consensus price target of $29.06.

Gentex Trading Down 0.5 %

GNTX stock opened at $21.07 on Tuesday. The business’s 50 day simple moving average is $23.65 and its 200 day simple moving average is $27.25. Gentex has a 1-year low of $20.28 and a 1-year high of $35.33. The firm has a market capitalization of $4.77 billion, a PE ratio of 11.97, a PEG 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 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. As a group, sell-side analysts predict that Gentex will post 2.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Gentex

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new stake in Gentex in the 4th quarter worth approximately $26,000. TD Private Client Wealth LLC boosted its stake in shares of Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 662 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of Gentex during the 4th quarter valued at $34,000. Harbor Investment Advisory LLC raised its position in Gentex by 208.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 1,093 shares during the period. Finally, UMB Bank n.a. lifted its stake in Gentex by 103.3% in the first quarter. UMB Bank n.a. now owns 2,124 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 1,079 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other 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.