Grantham Mayo Van Otterloo & Co. LLC Buys 47,832 Shares of Gentex Co. (NASDAQ:GNTX)

Grantham Mayo Van Otterloo & Co. LLC grew its stake in Gentex Co. (NASDAQ:GNTX) by 4.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,237,837 shares of the auto parts company’s stock after buying an additional 47,832 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Gentex were worth $35,563,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Gentex by 6.1% in the 4th quarter. Wellington Management Group LLP now owns 18,023,056 shares of the auto parts company’s stock valued at $517,802,000 after buying an additional 1,038,912 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in shares of Gentex by 1.5% in the third quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock valued at $228,611,000 after purchasing an additional 111,500 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Gentex by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,423,820 shares of the auto parts company’s stock worth $155,861,000 after purchasing an additional 55,816 shares in the last quarter. TD Asset Management Inc. grew its position in Gentex by 7.1% in the fourth quarter. TD Asset Management Inc. now owns 5,415,871 shares of the auto parts company’s stock valued at $155,598,000 after purchasing an additional 356,854 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 buying an additional 3,248,434 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

GNTX has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. B. Riley restated a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Guggenheim set a $30.00 price objective on Gentex in a research note on Wednesday, March 5th. UBS Group cut their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, Robert W. Baird set a $31.00 target price on shares of Gentex in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Gentex currently has a consensus rating of “Hold” and a consensus price target of $31.81.

Gentex Price Performance

Shares of Gentex stock opened at $22.14 on Friday. Gentex Co. has a 1 year low of $21.56 and a 1 year high of $36.24. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.84 and a beta of 0.84. The business has a fifty day simple moving average of $24.70 and a two-hundred day simple moving average of $27.84.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results 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 net margin of 17.49% and a return on equity of 16.74%. During the same quarter last year, the business posted $0.50 earnings per share. As a group, equities analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently declared 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 yield of 2.17%. Gentex’s dividend payout ratio (DPR) is presently 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.