Gentex (NASDAQ:GNTX) Given New $25.00 Price Target at B. Riley Financial

Gentex (NASDAQ:GNTX) had its target price lowered by analysts at B. Riley Financial from $29.00 to $25.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. B. Riley Financial‘s price objective suggests a potential upside of 21.07% from the company’s previous close.

Several other brokerages also recently commented on GNTX. Wall Street Zen downgraded shares of Gentex from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. The Goldman Sachs Group lowered shares of Gentex from a “neutral” rating to a “sell” rating and cut their target price for the company from $23.00 to $20.00 in a research report on Tuesday, October 6th. Weiss Ratings cut shares of Gentex from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. UBS Group set a $21.00 price target on shares of Gentex in a report on Monday. Finally, Freedom Capital cut Gentex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.40.

Gentex Stock Down 0.0%

Shares of GNTX stock traded down $0.01 on Monday, reaching $20.65. The company had a trading volume of 291,021 shares, compared to its average volume of 2,406,063. The business’s 50-day moving average is $22.26 and its 200 day moving average is $23.30. Gentex has a one year low of $19.98 and a one year high of $26.48. The stock has a market capitalization of $4.40 billion, a PE ratio of 11.13 and a beta of 0.86.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, October 23rd. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $647.71 million for the quarter, compared to the consensus estimate of $669.69 million. Gentex had a net margin of 15.15% and a return on equity of 16.67%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, sell-side analysts forecast that Gentex will post 2.06 earnings per share for the current fiscal year.

Institutional Trading of Gentex

Several institutional investors have recently modified their holdings of GNTX. XXEC Inc. acquired a new position in Gentex during the 2nd quarter worth about $7,705,220,000. BlackRock Inc. acquired a new stake in shares of Gentex in the second quarter valued at about $550,287,000. Dimensional Fund Advisors LP raised its position in shares of Gentex by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 7,463,299 shares of the auto parts company’s stock worth $163,067,000 after acquiring an additional 833,919 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new position in shares of Gentex in the second quarter worth approximately $79,924,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Gentex by 21.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,995,044 shares of the auto parts company’s stock worth $65,442,000 after acquiring an additional 534,905 shares during the period. Institutional investors own 86.76% of the company’s stock.

About Gentex

Gentex Corporation (NASDAQ:GNTX) is a technology manufacturer headquartered in Zeeland, Michigan. Founded in 1974, the company develops products primarily for the automotive industry, along with selected applications in the aerospace and fire-protection markets.

Gentex is best known for its automatic-dimming rearview and side-view mirrors, which use electrochromic technology to reduce glare. Its automotive product portfolio also includes camera-based driver-assistance systems, digital vision and sensing technologies, connected-car products, overhead console systems, and HomeLink universal garage-door and home-control systems.