Buckhead Capital Management LLC Has $3.35 Million Stock Position in Gentex Co. (NASDAQ:GNTX)

Buckhead Capital Management LLC lessened its stake in shares of Gentex Co. (NASDAQ:GNTX) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,618 shares of the auto parts company’s stock after selling 2,913 shares during the period. Buckhead Capital Management LLC’s holdings in Gentex were worth $3,350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNTX. Synergy Asset Management LLC acquired a new stake in shares of Gentex in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after buying an additional 593 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Gentex in the third quarter valued at about $125,000. GAMMA Investing LLC grew its position in Gentex by 159.1% in the fourth 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 during the last quarter. Finally, KBC Group NV raised its stake in Gentex by 13.3% during the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock worth $168,000 after acquiring an additional 667 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GNTX has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut 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. B. Riley reaffirmed a “buy” rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. UBS Group dropped their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Guggenheim reduced their price objective 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.06.

Gentex Stock Down 0.1 %

Shares of Gentex stock opened at $24.36 on Friday. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 0.86 and a beta of 0.91. Gentex Co. has a twelve month low of $24.35 and a twelve month high of $37.58. The company’s fifty day moving average is $28.05 and its 200 day moving average is $29.33.

Gentex (NASDAQ:GNTX) last released 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 period in the prior 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 announced 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 1.97%. The ex-dividend date was Wednesday, January 8th. Gentex’s dividend payout ratio is presently 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.