Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gentex Co. (NASDAQ:GNTX) by 111.6% in the first quarter, Holdings Channel.com reports. The firm owned 45,870 shares of the auto parts company’s stock after purchasing an additional 24,194 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Gentex were worth $1,016,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its stake in shares of Gentex by 1.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 23,270 shares of the auto parts company’s stock worth $674,000 after purchasing an additional 360 shares during the period. Private Advisor Group LLC boosted its stake in shares of Gentex by 4.3% during the 4th quarter. Private Advisor Group LLC now owns 9,938 shares of the auto parts company’s stock worth $288,000 after purchasing an additional 408 shares during the period. BancorpSouth Bank boosted its stake in shares of Gentex by 1.8% during the 1st quarter. BancorpSouth Bank now owns 24,905 shares of the auto parts company’s stock worth $552,000 after purchasing an additional 440 shares during the period. Chesapeake Wealth Management boosted its stake in shares of Gentex by 0.9% during the 1st quarter. Chesapeake Wealth Management now owns 47,968 shares of the auto parts company’s stock worth $1,063,000 after purchasing an additional 442 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Gentex by 1.3% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 34,910 shares of the auto parts company’s stock worth $774,000 after purchasing an additional 461 shares during the period. 82.54% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:GNTX opened at $25.32 on Friday. Gentex Co. has a one year low of $19.48 and a one year high of $31.27. The firm has a market cap of $6.20 billion, a P/E ratio of 15.73, a P/E/G ratio of 4.99 and a beta of 1.14. The firm has a 50-day simple moving average of $23.77 and a 200-day simple moving average of $27.16.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, April 24th. The auto parts company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Gentex had a net margin of 22.23% and a return on equity of 21.58%. The business had revenue of $453.76 million during the quarter, compared to analyst estimates of $430.65 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts expect that Gentex Co. will post 1.26 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Friday, April 10th were issued a $0.12 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.90%. This is a positive change from Gentex’s previous quarterly dividend of $0.12. Gentex’s payout ratio is currently 28.92%.

Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Gentex from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Zacks Investment Research cut shares of Gentex from a “hold” rating to a “sell” rating and set a $26.00 price objective for the company. in a research report on Tuesday, April 28th. Cfra lowered their price objective on shares of Gentex from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Goldman Sachs Group assumed coverage on shares of Gentex in a research report on Tuesday, April 14th. They issued a “sell” rating and a $19.00 price objective for the company. Finally, BidaskClub cut shares of Gentex from a “hold” rating to a “sell” rating in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Gentex currently has a consensus rating of “Hold” and an average price target of $29.67.

Gentex Company Profile

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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