Gentex (NASDAQ:GNTX) Given New $21.00 Price Target at UBS Group

Gentex (NASDAQ:GNTX) had its price objective dropped by research analysts at UBS Group from $29.00 to $21.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price target points to a potential downside of 0.80% from the company’s current price.

GNTX has been the topic of several other reports. B. Riley reaffirmed a “buy” rating and issued a $32.50 target price (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Guggenheim set a $30.00 price target on Gentex in a report on Wednesday, March 5th. Finally, Robert W. Baird set a $31.00 price objective on Gentex in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.81.

Gentex Stock Up 1.1 %

NASDAQ:GNTX opened at $21.17 on Thursday. Gentex has a 52 week low of $20.28 and a 52 week high of $35.33. The company has a market cap of $4.79 billion, a PE ratio of 12.03, a P/E/G ratio of 0.84 and a beta of 0.84. The business’s 50 day moving average is $23.89 and its two-hundred day moving average is $27.43.

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 last year, the firm earned $0.50 EPS. As a group, sell-side analysts expect that Gentex will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GNTX. JPMorgan Chase & Co. grew its holdings in shares of Gentex by 179.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after acquiring an additional 1,285,519 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Gentex by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock worth $80,079,000 after purchasing an additional 386,461 shares in the last quarter. Geode Capital Management LLC increased its stake in Gentex by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock worth $159,406,000 after purchasing an additional 285,802 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Gentex during the 4th quarter worth about $24,479,000. Finally, BCGM Wealth Management LLC lifted its stake in Gentex by 64.2% during the fourth quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company’s stock valued at $1,630,000 after buying an additional 22,180 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

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.