JB Capital LLC Grows Position in Gentex Co. (NASDAQ:GNTX)

JB Capital LLC raised its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 4.8% during the fourth quarter, HoldingsChannel reports. The firm owned 107,661 shares of the auto parts company’s stock after purchasing an additional 4,904 shares during the period. JB Capital LLC’s holdings in Gentex were worth $3,093,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC increased its holdings in Gentex by 6.3% during the second quarter. AQR Capital Management LLC now owns 140,831 shares of the auto parts company’s stock valued at $4,725,000 after buying an additional 8,374 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Gentex by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 209,219 shares of the auto parts company’s stock valued at $7,053,000 after acquiring an additional 3,764 shares during the period. Creative Planning raised its position in shares of Gentex by 4.1% in the 2nd quarter. Creative Planning now owns 60,685 shares of the auto parts company’s stock worth $2,046,000 after acquiring an additional 2,393 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Gentex by 22.9% during the 2nd quarter. Cetera Investment Advisers now owns 157,214 shares of the auto parts company’s stock worth $5,300,000 after purchasing an additional 29,338 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Gentex by 212.4% in the third quarter. SG Americas Securities LLC now owns 31,632 shares of the auto parts company’s stock valued at $939,000 after purchasing an additional 21,508 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Down 8.2 %

Gentex stock opened at $25.92 on Monday. The stock has a 50-day moving average price of $28.94 and a 200 day moving average price of $29.78. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. Gentex Co. has a 52 week low of $25.10 and a 52 week high of $37.58.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data 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 last year, the business posted $0.50 earnings per share. Research analysts anticipate that Gentex Co. will post 2.1 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s dividend payout ratio is currently 27.27%.

Analyst Upgrades and Downgrades

GNTX has been the subject of several analyst reports. Robert W. Baird increased their price target 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. Bank of America lowered their target price on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Six 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 an average rating of “Hold” and a consensus target price of $35.13.

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.