Gentex Co. (NASDAQ:GNTX) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. reduced its position in Gentex Co. (NASDAQ:GNTX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,372 shares of the auto parts company’s stock after selling 1,299 shares during the period. Lincluden Management Ltd.’s holdings in Gentex were worth $3,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Lindenwold Advisors INC raised its position in shares of Gentex by 2.8% in the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock worth $372,000 after acquiring an additional 347 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Gentex by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after purchasing an additional 408 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings 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 purchasing an additional 437 shares during the period. Intellectus Partners LLC raised its holdings in Gentex by 6.1% in the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock worth $251,000 after purchasing an additional 484 shares during the period. Finally, Atria Investments Inc boosted its position in Gentex by 2.0% during the third quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company’s stock worth $859,000 after purchasing an additional 577 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Stock Up 0.5 %

Shares of NASDAQ GNTX opened at $24.50 on Tuesday. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.84 and a beta of 0.91. Gentex Co. has a 52 week low of $24.10 and a 52 week high of $37.58. The firm has a 50-day simple moving average of $27.10 and a 200-day simple moving average of $29.02.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 in the previous year, the business earned $0.50 earnings per share. As a group, equities research analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on GNTX. Guggenheim cut their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. UBS Group cut their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, B. Riley restated a “buy” rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Gentex has a consensus rating of “Hold” and a consensus price target of $32.31.

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.