Gentex (NASDAQ:GNTX) Given “Neutral” Rating at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Gentex (NASDAQ:GNTX) in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $25.00 price target on the auto parts company’s stock, down from their previous price target of $31.00.

A number of other equities research analysts also recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Guggenheim set a $30.00 price objective on shares of Gentex in a research report on Wednesday, March 5th. The Goldman Sachs Group decreased their target price on shares of Gentex from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, UBS Group reduced their price objective on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $29.06.

Gentex Stock Performance

GNTX stock opened at $21.17 on Tuesday. The stock has a market cap of $4.79 billion, a P/E ratio of 12.03, a P/E/G ratio of 0.84 and a beta of 0.84. The firm has a 50 day simple moving average of $23.73 and a 200 day simple moving average of $27.29. Gentex has a 52 week low of $20.28 and a 52 week high of $35.33.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same quarter in the previous year, the firm earned $0.50 EPS. Sell-side analysts predict that Gentex will post 2.04 EPS for the current year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Wednesday, April 9th. Gentex’s dividend payout ratio is 27.27%.

Institutional Investors Weigh In On Gentex

Hedge funds and other institutional investors have recently made changes to their positions in the business. Midwest Capital Advisors LLC acquired a new stake in Gentex in the 4th quarter valued at approximately $26,000. TD Private Client Wealth LLC boosted its position in shares of Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after acquiring an additional 662 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Gentex in the fourth quarter worth $34,000. Harbor Investment Advisory LLC grew its stake in shares of Gentex by 208.2% in the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,093 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Gentex by 103.3% during the first quarter. UMB Bank n.a. now owns 2,124 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 1,079 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.

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.