Sherbrooke Park Advisers LLC Raises Holdings in Gentex Co. (NASDAQ:GNTX)

Sherbrooke Park Advisers LLC raised its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 39.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 27,235 shares of the auto parts company’s stock after acquiring an additional 7,653 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Gentex were worth $782,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GNTX. Midwest Capital Advisors LLC purchased a new stake in Gentex during the 4th quarter valued at $26,000. TD Private Client Wealth LLC boosted its stake in shares of Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock worth $33,000 after buying an additional 662 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of Gentex in the 4th quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of 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 worth $70,000 after buying an additional 593 shares during the last quarter. Finally, LRI Investments LLC boosted its stake in shares of Gentex by 33.2% in the 4th quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock worth $79,000 after buying an additional 686 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Trading Down 0.2%

Shares of GNTX stock opened at $22.67 on Friday. Gentex Co. has a 12-month low of $20.28 and a 12-month high of $35.32. The stock’s 50-day moving average price is $22.53 and its 200-day moving average price is $26.15. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The firm had revenue of $576.77 million for the quarter, compared to analysts’ expectations of $578.68 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a $0.12 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.12%. Gentex’s dividend payout ratio (DPR) is 28.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target 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 target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. UBS Group dropped their price target on Gentex from $29.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Guggenheim lowered their target price on Gentex from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Robert W. Baird reiterated a “neutral” rating and set a $25.00 target price (down from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Gentex currently has a consensus rating of “Hold” and an average price target of $28.31.

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.