Gentex Co. (GNTX) Holdings Increased by Janus Henderson Group PLC
Janus Henderson Group PLC boosted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 691,808 shares of the auto parts company’s stock after buying an additional 85,670 shares during the period. Janus Henderson Group PLC owned about 0.26% of Gentex worth $14,847,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GNTX. Bruderman Asset Management LLC acquired a new stake in Gentex during the 2nd quarter worth about $112,000. Fort L.P. purchased a new position in Gentex during the 2nd quarter valued at about $115,000. MUFG Americas Holdings Corp grew its stake in Gentex by 61.9% during the 2nd quarter. MUFG Americas Holdings Corp now owns 5,665 shares of the auto parts company’s stock valued at $130,000 after acquiring an additional 2,165 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Gentex during the 2nd quarter valued at about $166,000. Finally, GAM Holding AG purchased a new position in Gentex during the 2nd quarter valued at about $218,000. Hedge funds and other institutional investors own 85.83% of the company’s stock.
Several research firms have weighed in on GNTX. BidaskClub raised Gentex from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. ValuEngine cut Gentex from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Craig Hallum reaffirmed a “hold” rating and set a $20.00 target price on shares of Gentex in a research note on Friday, October 19th. Robert W. Baird lifted their target price on Gentex from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research cut Gentex from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.44.
Shares of NASDAQ GNTX opened at $21.01 on Friday. The company has a market capitalization of $5.68 billion, a P/E ratio of 13.97, a PEG ratio of 1.17 and a beta of 1.14. Gentex Co. has a 52 week low of $17.80 and a 52 week high of $25.41.
Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, October 19th. The auto parts company reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $460.25 million during the quarter, compared to analysts’ expectations of $465.51 million. Gentex had a return on equity of 21.83% and a net margin of 25.11%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. On average, research analysts expect that Gentex Co. will post 1.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, January 8th. This represents a $0.44 annualized dividend and a dividend yield of 2.09%. Gentex’s payout ratio is 34.38%.
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Gentex Company Profile
Gentex Corporation provides automatic-dimming and non-dimming rearview mirrors, and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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