JLB & Associates Inc. Decreases Holdings in Gentex Co. (NASDAQ:GNTX)

JLB & Associates Inc. trimmed its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,408 shares of the auto parts company’s stock after selling 2,623 shares during the period. JLB & Associates Inc.’s holdings in Gentex were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GNTX. Synergy Asset Management LLC purchased a new position in Gentex in the 4th quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock valued at $70,000 after buying an additional 593 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Gentex in the 3rd quarter valued at about $125,000. GAMMA Investing LLC boosted its position in Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after buying an additional 3,152 shares during the last quarter. Finally, KBC Group NV boosted its position in Gentex by 13.3% in the 3rd 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 last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GNTX has been the topic of several research analyst reports. B. Riley reaffirmed a “buy” rating and set a $32.50 price target (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target 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. UBS Group reduced their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Guggenheim reduced their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Robert W. Baird increased their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.06.

Gentex Price Performance

NASDAQ GNTX opened at $24.59 on Friday. Gentex Co. has a 12 month low of $24.20 and a 12 month high of $37.58. The firm has a market capitalization of $5.59 billion, a PE ratio of 13.97, a P/E/G ratio of 0.84 and a beta of 0.91. The company’s 50 day simple moving average is $27.46 and its 200 day simple moving average is $29.11.

Gentex (NASDAQ:GNTX) last issued its earnings results 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 in the prior year, the firm earned $0.50 EPS. Sell-side analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s payout ratio is 27.27%.

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.