Blue Trust Inc. Acquires 1,075 Shares of Gentex Co. (NASDAQ:GNTX)

Blue Trust Inc. grew its stake in shares of Gentex Co. (NASDAQ:GNTX) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,384 shares of the auto parts company’s stock after purchasing an additional 1,075 shares during the quarter. Blue Trust Inc.’s holdings in Gentex were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Lindenwold Advisors INC grew its stake in Gentex by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock worth $372,000 after acquiring an additional 347 shares in the last quarter. Coldstream Capital Management Inc. grew its stake 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 worth $221,000 after purchasing an additional 408 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock worth $1,891,000 after purchasing an additional 437 shares during the period. Intellectus Partners LLC raised its position in Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock valued at $251,000 after purchasing an additional 484 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Gentex by 2.0% in 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. 86.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on GNTX shares. Bank of America cut their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Guggenheim lowered their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Finally, Robert W. Baird lifted their price objective on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.13.

Gentex Stock Down 8.2 %

Shares of GNTX opened at $25.92 on Friday. The company has a 50 day moving average of $29.03 and a two-hundred day moving average of $29.88. Gentex Co. has a twelve month low of $25.10 and a twelve month high of $37.58. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.91.

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 analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a return on equity of 18.25% and a net margin of 18.37%. During the same period last year, the firm posted $0.50 earnings per share. On average, sell-side analysts expect that Gentex Co. will post 1.86 EPS for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.85%. Gentex’s dividend payout ratio (DPR) is currently 25.67%.

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.