Brinker Capital Investments LLC lifted its position in Gentex Co. (NASDAQ:GNTX – Get Rating) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,738 shares of the auto parts company's stock after acquiring an additional 1,000 shares during the period. Brinker Capital Investments LLC's holdings in Gentex were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in Gentex by 6.4% in the first quarter. Private Advisor Group LLC now owns 26,972 shares of the auto parts company's stock valued at $786,000 after purchasing an additional 1,622 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gentex by 9.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,900 shares of the auto parts company's stock valued at $901,000 after purchasing an additional 2,652 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its position in Gentex by 54.7% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 246,980 shares of the auto parts company's stock valued at $7,204,000 after purchasing an additional 87,280 shares during the period. SG Americas Securities LLC raised its position in Gentex by 246.8% in the first quarter. SG Americas Securities LLC now owns 71,485 shares of the auto parts company's stock valued at $2,085,000 after purchasing an additional 50,874 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Gentex by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 61,900 shares of the auto parts company's stock valued at $1,780,000 after purchasing an additional 1,100 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.
Get Gentex alerts:Analyst Upgrades and Downgrades
GNTX has been the topic of several research analyst reports. Seaport Res Ptn reiterated a "buy" rating on shares of Gentex in a report on Sunday, July 31st. TheStreet downgraded Gentex from a "b-" rating to a "c" rating in a report on Friday, July 22nd. Bank of America cut their price objective on Gentex from $31.00 to $30.00 in a report on Friday, September 9th. Guggenheim lowered their target price on Gentex to $33.00 in a research note on Monday, July 25th. Finally, B. Riley lowered their target price on Gentex from $37.50 to $35.00 and set a "buy" rating for the company in a research note on Monday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.40.
Gentex Stock Performance
NASDAQ:GNTX opened at $25.26 on Wednesday. The stock has a 50-day simple moving average of $27.09 and a 200-day simple moving average of $28.26. The stock has a market cap of $5.94 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.16 and a beta of 0.89. Gentex Co. has a 1 year low of $23.70 and a 1 year high of $37.90.Gentex (NASDAQ:GNTX – Get Rating) last released its quarterly earnings data on Friday, July 22nd. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.07). The business had revenue of $463.42 million for the quarter, compared to analyst estimates of $472.24 million. Gentex had a return on equity of 16.58% and a net margin of 18.32%. On average, equities research analysts predict that Gentex Co. will post 1.48 EPS for the current year.
Gentex Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Friday, October 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.90%. Gentex's dividend payout ratio (DPR) is presently 35.56%.
Gentex Profile
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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, 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.
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