Entropy Technologies LP Acquires New Shares in Gentex Co. (NASDAQ:GNTX)

Entropy Technologies LP acquired a new stake in Gentex Co. (NASDAQ:GNTX) in the 4th quarter, Holdings Channel reports. The firm acquired 10,090 shares of the auto parts company’s stock, valued at approximately $290,000.

Several other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in Gentex by 4.9% in the 4th quarter. Empowered Funds LLC now owns 22,819 shares of the auto parts company’s stock valued at $656,000 after purchasing an additional 1,071 shares in the last quarter. Hendershot Investments Inc. increased its stake in Gentex by 3.8% in the 4th quarter. Hendershot Investments Inc. now owns 659,066 shares of the auto parts company’s stock valued at $18,935,000 after purchasing an additional 24,231 shares in the last quarter. Cidel Asset Management Inc. purchased a new position in Gentex in the 4th quarter valued at approximately $11,815,000. Lecap Asset Management Ltd. purchased a new position in Gentex in the 4th quarter valued at approximately $334,000. Finally, Choreo LLC increased its stake in Gentex by 27.8% in the 4th quarter. Choreo LLC now owns 14,511 shares of the auto parts company’s stock valued at $415,000 after purchasing an additional 3,154 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Stock Down 0.1 %

GNTX stock opened at $24.36 on Friday. Gentex Co. has a 52-week low of $24.35 and a 52-week high of $37.58. The stock’s fifty day simple moving average is $28.05 and its 200-day simple moving average is $29.33. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the firm posted $0.50 EPS. As a group, analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.97%. The ex-dividend date was Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is presently 27.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GNTX shares. JPMorgan Chase & Co. dropped their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Guggenheim lowered their target price on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. B. Riley reiterated a “buy” rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a report on Monday, February 3rd. UBS Group lowered their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird increased their target price on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.06.

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.