Yousif Capital Management LLC Sells 3,748 Shares of Gentex Co. (NASDAQ:GNTX)

Yousif Capital Management LLC decreased its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,022 shares of the auto parts company’s stock after selling 3,748 shares during the period. Yousif Capital Management LLC’s holdings in Gentex were worth $2,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Synergy Asset Management LLC purchased a new position in shares of Gentex during the fourth quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Gentex by 227.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,269 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Gentex in the 3rd quarter worth $125,000. GAMMA Investing LLC raised its position in shares of Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after buying an additional 3,152 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Gentex by 13.3% during the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock worth $168,000 after acquiring an additional 667 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Stock Performance

NASDAQ GNTX opened at $25.06 on Monday. Gentex Co. has a fifty-two week low of $24.57 and a fifty-two week high of $37.58. The stock has a market cap of $5.70 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The stock has a 50 day simple moving average of $28.39 and a two-hundred day simple moving average of $29.48.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company earned $0.50 EPS. Sell-side analysts predict that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.92%. Gentex’s dividend payout ratio (DPR) is 27.27%.

Analyst Upgrades and Downgrades

GNTX has been the topic of a number of research analyst reports. Guggenheim reduced 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. Robert W. Baird raised their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Bank of America dropped their target price on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. B. Riley reiterated a “buy” rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.06.

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.