AlphaQuest LLC Takes Position in Gentex Co. (NASDAQ:GNTX)

AlphaQuest LLC purchased a new stake in Gentex Co. (NASDAQ:GNTX) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 80,464 shares of the auto parts company’s stock, valued at approximately $2,312,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindenwold Advisors INC boosted its stake in shares of Gentex by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock valued at $372,000 after purchasing an additional 347 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after buying an additional 408 shares during the period. 180 Wealth Advisors LLC boosted its stake in Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after acquiring an additional 437 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Gentex by 6.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock worth $214,000 after acquiring an additional 457 shares during the period. Finally, Intellectus Partners LLC raised its position in shares of Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock valued at $251,000 after acquiring an additional 484 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GNTX shares. Robert W. Baird set a $31.00 price target on Gentex in a research report on Monday, February 3rd. UBS Group reduced their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. B. Riley reiterated a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.31.

Gentex Stock Performance

Shares of GNTX stock opened at $25.39 on Friday. Gentex Co. has a 52 week low of $23.63 and a 52 week high of $36.75. The company’s 50 day moving average price is $26.25 and its two-hundred day moving average price is $28.72. The company has a market capitalization of $5.77 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates 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 business earned $0.50 EPS. Analysts forecast that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. Gentex’s dividend payout ratio (DPR) is 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.