Twin Tree Management LP Has $566,000 Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Twin Tree Management LP cut its stake in shares of Gentex Co. (NASDAQ:GNTX) by 73.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,687 shares of the auto parts company’s stock after selling 53,833 shares during the quarter. Twin Tree Management LP’s holdings in Gentex were worth $566,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GNTX. Midwest Capital Advisors LLC bought a new stake in Gentex in the fourth quarter valued at approximately $26,000. Synergy Asset Management LLC bought a new stake in Gentex in the fourth quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Gentex by 32.5% in the fourth 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 period. Wilmington Savings Fund Society FSB bought a new stake in Gentex in the third quarter valued at approximately $125,000. Finally, GAMMA Investing LLC raised its stake in Gentex by 159.1% in the fourth 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 period. 86.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GNTX. JPMorgan Chase & Co. dropped their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. B. Riley restated a “buy” rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on Gentex in a research note 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 research note on Monday, February 3rd. Finally, Guggenheim set a $30.00 target price on Gentex in a research note on Wednesday, March 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Gentex presently has an average rating of “Hold” and an average price target of $31.81.

Gentex Price Performance

Gentex stock opened at $23.98 on Wednesday. The stock’s fifty day moving average price is $25.72 and its two-hundred day moving average price is $28.39. Gentex Co. has a one year low of $23.63 and a one year high of $36.75. The firm has a market cap of $5.45 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 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 business posted $0.50 EPS. Sell-side analysts expect 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 will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.00%. Gentex’s dividend payout ratio (DPR) is presently 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.