327,043 Shares in Gentex Co. (NASDAQ:GNTX) Bought by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. purchased a new stake in shares of Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 327,043 shares of the auto parts company’s stock, valued at approximately $9,443,000. Gentex accounts for 3.3% of Lightrock Netherlands B.V.’s holdings, making the stock its 9th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Entropy Technologies LP bought a new position in shares of Gentex in the fourth quarter worth approximately $290,000. Empowered Funds LLC boosted its position in Gentex by 4.9% during the 4th quarter. Empowered Funds LLC now owns 22,819 shares of the auto parts company’s stock valued at $656,000 after buying an additional 1,071 shares during the period. Hendershot Investments Inc. grew its holdings in Gentex by 3.8% in the 4th quarter. Hendershot Investments Inc. now owns 659,066 shares of the auto parts company’s stock worth $18,935,000 after acquiring an additional 24,231 shares during the last quarter. Cidel Asset Management Inc. purchased a new position in shares of Gentex in the fourth quarter valued at about $11,815,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Gentex during the fourth quarter valued at about $334,000. 86.76% of the stock is owned by institutional investors.

Gentex Trading Down 1.0 %

GNTX opened at $24.81 on Tuesday. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The stock has a fifty day simple moving average of $28.39 and a two-hundred day simple moving average of $29.46. Gentex Co. has a 12-month low of $24.57 and a 12-month high of $37.58.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results 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 in the prior year, the business earned $0.50 earnings per share. On average, analysts predict that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.12 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.93%. Gentex’s payout ratio is currently 27.27%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GNTX. Guggenheim cut their target price on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock 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 report on Monday, February 3rd. Robert W. Baird lifted their price target on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Bank of America decreased their price objective on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. 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, Gentex has an average rating of “Hold” and an average target price of $33.06.

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.