Boston Partners Has $173.87 Million Stock Position in Gentex Co. (NASDAQ:GNTX)

Boston Partners lowered its position in shares of Gentex Co. (NASDAQ:GNTX) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,052,102 shares of the auto parts company’s stock after selling 594,740 shares during the period. Boston Partners’ holdings in Gentex were worth $173,867,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lindenwold Advisors INC increased its position in Gentex by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock valued at $372,000 after acquiring an additional 347 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Gentex by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after acquiring an additional 408 shares in the last quarter. 180 Wealth Advisors LLC increased its position in Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after acquiring an additional 437 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Gentex by 6.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 457 shares in the last quarter. Finally, Atria Investments Inc increased its position in Gentex by 2.0% in the 3rd quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company’s stock valued at $859,000 after acquiring an additional 577 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Ratings Changes

GNTX has been the subject of several research reports. B. Riley restated a “buy” rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research report on Monday, February 3rd. Guggenheim set a $30.00 target price on shares of Gentex in a research note on Wednesday, March 5th. UBS Group lowered their price target on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target 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. Finally, Robert W. Baird set a $31.00 price target on shares of Gentex in a research report 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.81.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $23.98 on Wednesday. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 0.84 and a beta of 0.90. The company has a 50 day moving average of $25.72 and a 200-day moving average of $28.39. Gentex Co. has a one year low of $23.63 and a one year high of $36.75.

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 last year, the firm posted $0.50 EPS. Equities research analysts anticipate that Gentex Co. will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio is currently 27.27%.

Gentex Company 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.