Gentex (NASDAQ:GNTX) Price Target Lowered to $29.00 at UBS Group

Gentex (NASDAQ:GNTX) had its price target reduced by equities researchers at UBS Group from $30.00 to $29.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price objective suggests a potential upside of 13.88% from the stock’s current price.

GNTX has been the topic of several other reports. Robert W. Baird boosted their price objective on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. B. Riley restated a “buy” rating and issued a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday. Bank of America reduced their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday. 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, the company presently has a consensus rating of “Hold” and an average target price of $33.06.

Gentex Stock Performance

NASDAQ:GNTX traded down $0.46 on Monday, reaching $25.47. The company’s stock had a trading volume of 1,701,192 shares, compared to its average volume of 1,767,069. The firm has a market cap of $5.79 billion, a PE ratio of 14.44, a PEG ratio of 0.86 and a beta of 0.91. The business’s 50-day moving average price is $28.94 and its two-hundred day moving average price is $29.75. Gentex has a 1-year low of $24.57 and a 1-year high of $37.58.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) 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 period in the prior year, the firm earned $0.50 EPS. As a group, sell-side analysts expect that Gentex will post 2.1 EPS for the current year.

Hedge Funds Weigh In On Gentex

Institutional investors have recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in shares of Gentex in the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 purchasing an additional 1,269 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Gentex during the third quarter worth about $125,000. GAMMA Investing LLC increased its position in Gentex by 159.1% during the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after buying an additional 3,152 shares during the last quarter. Finally, KBC Group NV raised its stake in Gentex by 13.3% in the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock valued at $168,000 after buying an additional 667 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

About Gentex

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.