GHP Investment Advisors Inc. Sells 2,853 Shares of Gentex Co. (NASDAQ:GNTX)

GHP Investment Advisors Inc. cut its holdings in Gentex Co. (NASDAQ:GNTX) by 1.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 164,877 shares of the auto parts company’s stock after selling 2,853 shares during the period. GHP Investment Advisors Inc.’s holdings in Gentex were worth $4,737,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lindenwold Advisors INC lifted its stake in shares of Gentex by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock valued at $372,000 after purchasing an additional 347 shares during the period. Coldstream Capital Management Inc. increased its holdings in Gentex by 5.8% in the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after purchasing an additional 408 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in Gentex by 0.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after buying an additional 437 shares during the period. Intellectus Partners LLC boosted its holdings in Gentex by 6.1% during the third quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock worth $251,000 after buying an additional 484 shares during the last quarter. Finally, Atria Investments Inc grew its position in shares of Gentex by 2.0% during the 3rd quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company’s stock worth $859,000 after buying an additional 577 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Ratings Changes

GNTX has been the topic of a number of 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. 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 report on Monday. B. Riley reissued a “buy” rating and issued a $32.50 price target (down previously from $37.00) on shares of Gentex in a report on Monday. Bank of America dropped their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, UBS Group decreased their target price on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $33.06.

Gentex Trading Down 1.0 %

Shares of NASDAQ GNTX opened at $25.04 on Friday. The company has a fifty day moving average price of $28.61 and a 200 day moving average price of $29.60. The firm has a market cap of $5.69 billion, a PE ratio of 14.23, a PEG ratio of 0.86 and a beta of 0.91. Gentex Co. has a 1-year low of $24.57 and a 1-year high of $37.58.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 earned $0.50 EPS. Equities research analysts forecast that Gentex Co. will post 2.1 EPS for the current year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were issued a $0.12 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.92%. Gentex’s dividend payout ratio (DPR) 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.