Valley National Advisers Inc. Sells 1,704 Shares of Gentex Co. (NASDAQ:GNTX)

Valley National Advisers Inc. lowered its position in shares of Gentex Co. (NASDAQ:GNTX) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,690 shares of the auto parts company’s stock after selling 1,704 shares during the period. Valley National Advisers Inc.’s holdings in Gentex were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lindenwold Advisors INC increased its holdings 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 worth $372,000 after purchasing an additional 347 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Gentex by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after buying an additional 408 shares in the last quarter. 180 Wealth Advisors LLC raised its position in Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after buying an additional 437 shares during the last quarter. Intellectus Partners LLC boosted its holdings 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. Finally, Atria Investments Inc raised its holdings in shares of Gentex by 2.0% during the third quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company’s stock valued at $859,000 after purchasing an additional 577 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

Gentex Stock Down 8.2 %

Shares of Gentex stock opened at $25.92 on Monday. Gentex Co. has a 52 week low of $25.10 and a 52 week high of $37.58. The stock’s 50-day simple moving average is $28.94 and its 200-day simple moving average is $29.78. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.92 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a return on equity of 18.25% and a net margin of 18.37%. During the same period in the prior year, the company earned $0.50 earnings per share. On average, equities analysts expect that Gentex Co. will post 1.86 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s payout ratio is currently 25.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Bank of America cut their target price on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Robert W. Baird upped their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Guggenheim dropped their target price on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.13.

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.