Values First Advisors Inc. Has $1.47 Million Stake in Gentex Co. (NASDAQ:GNTX)

Values First Advisors Inc. lowered its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,197 shares of the auto parts company’s stock after selling 2,237 shares during the quarter. Values First Advisors Inc.’s holdings in Gentex were worth $1,471,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GNTX. Synergy Asset Management LLC acquired a new stake in Gentex during the 4th quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Gentex by 227.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 1,269 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Gentex during the third quarter worth $125,000. GAMMA Investing LLC lifted its position in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after acquiring an additional 3,152 shares in the last quarter. Finally, KBC Group NV boosted its stake in Gentex by 13.3% in the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock worth $168,000 after purchasing an additional 667 shares during the period. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Up 0.4 %

Shares of Gentex stock opened at $24.90 on Wednesday. Gentex Co. has a 12-month low of $24.55 and a 12-month high of $37.58. The business’s 50 day moving average is $28.17 and its 200-day moving average is $29.36. The stock has a market cap of $5.66 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.86 and a beta of 0.91.

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 firm posted $0.50 earnings per share. On average, sell-side analysts expect that Gentex Co. will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is presently 27.27%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. 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 decreased their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Robert W. Baird boosted their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Gentex has an average rating of “Hold” and a consensus 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.