JLB & Associates Inc. Sells 2,623 Shares of Gentex Co. (NASDAQ:GNTX)

JLB & Associates Inc. lessened its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,408 shares of the auto parts company’s stock after selling 2,623 shares during the period. JLB & Associates Inc.’s holdings in Gentex were worth $615,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after acquiring an additional 1,285,519 shares during the period. Geode Capital Management LLC grew its holdings in Gentex by 5.6% during the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock valued at $159,406,000 after purchasing an additional 285,802 shares during the period. Barclays PLC increased its position in Gentex by 54.4% in the third quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock worth $3,205,000 after buying an additional 38,027 shares in the last quarter. Reinhart Partners LLC. raised its stake in shares of Gentex by 1.9% in the fourth quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company’s stock worth $32,304,000 after buying an additional 20,624 shares during the period. Finally, Hendershot Investments Inc. lifted its position in shares of Gentex by 3.8% during the 4th quarter. Hendershot Investments Inc. now owns 659,066 shares of the auto parts company’s stock valued at $18,935,000 after buying an additional 24,231 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Price Performance

Shares of Gentex stock opened at $24.59 on Friday. The business has a 50 day simple moving average of $27.46 and a two-hundred day simple moving average of $29.11. Gentex Co. has a 12 month low of $24.20 and a 12 month high of $37.58. The stock has a market capitalization of $5.59 billion, a P/E ratio of 13.97, a PEG ratio of 0.84 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last posted its earnings results 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 last year, the firm posted $0.50 EPS. As a group, research analysts anticipate that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Wednesday, January 8th. Gentex’s dividend payout ratio is presently 27.27%.

Analyst Ratings Changes

A number of equities research analysts have commented on GNTX shares. Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. B. Riley reissued a “buy” rating and set a $32.50 target price (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird lifted their target price on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, UBS Group reduced their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Gentex has an average rating of “Hold” and an average price target of $33.06.

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.