Gentex (NASDAQ:GNTX) Downgraded by Baird R W to “Hold”

Gentex (NASDAQ:GNTX) was downgraded by equities research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

GNTX has been the subject of several other research reports. UBS Group reduced their price target on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group lowered their target price on Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price target on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Guggenheim set a $30.00 price objective on Gentex in a research report on Wednesday, March 5th. Finally, B. Riley reissued a “buy” rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.06.

Gentex Stock Performance

Shares of NASDAQ:GNTX opened at $21.17 on Tuesday. The business has a 50-day simple moving average of $23.73 and a two-hundred day simple moving average of $27.29. Gentex has a fifty-two week low of $20.28 and a fifty-two week high of $35.33. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share 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 business earned $0.50 EPS. As a group, research analysts predict that Gentex will post 2.04 earnings per share for the current year.

Hedge Funds Weigh In On Gentex

A number of large investors have recently bought and sold shares of GNTX. Midwest Capital Advisors LLC bought a new stake in shares of Gentex during the fourth quarter worth $26,000. TD Private Client Wealth LLC boosted its position in Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after buying an additional 662 shares during the period. Synergy Asset Management LLC bought a new position in Gentex in the 4th quarter worth about $34,000. Harbor Investment Advisory LLC grew its stake in Gentex by 208.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,093 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Gentex by 103.3% during the first quarter. UMB Bank n.a. now owns 2,124 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 1,079 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.