Several other equities research analysts also recently commented on GNTX. Zacks Investment Research raised Gentex from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Monday, December 31st. ValuEngine raised Gentex from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Longbow Research downgraded Gentex from a “buy” rating to a “neutral” rating and set a $20.65 target price for the company. in a report on Tuesday, February 5th. Wells Fargo & Co reissued a “buy” rating on shares of Gentex in a research note on Wednesday, January 30th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $23.00 price objective on shares of Gentex in a research note on Monday, February 4th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Gentex has a consensus rating of “Hold” and an average target price of $22.24.
Shares of NASDAQ GNTX opened at $21.85 on Tuesday. Gentex has a 12 month low of $17.80 and a 12 month high of $25.41. The firm has a market cap of $5.73 billion, a PE ratio of 13.49, a P/E/G ratio of 2.29 and a beta of 1.11.
Gentex (NASDAQ:GNTX) last announced its earnings results on Wednesday, January 30th. The auto parts company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). Gentex had a net margin of 23.88% and a return on equity of 23.06%. The company had revenue of $453.40 million for the quarter, compared to analysts’ expectations of $477.41 million. During the same period in the prior year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Gentex will post 1.62 EPS for the current year.
In other Gentex news, Director James H. Wallace sold 24,000 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $21.40, for a total value of $513,600.00. Following the transaction, the director now directly owns 29,400 shares of the company’s stock, valued at approximately $629,160. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Neil Boehm sold 2,686 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.82, for a total value of $55,922.52. Following the completion of the transaction, the insider now directly owns 42,883 shares in the company, valued at $892,824.06. The disclosure for this sale can be found here. Over the last three months, insiders purchased 2,009 shares of company stock valued at $35,318 and sold 29,686 shares valued at $631,983. 0.37% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of GNTX. Bank of New York Mellon Corp increased its position in Gentex by 24.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,966,771 shares of the auto parts company’s stock worth $106,585,000 after purchasing an additional 976,219 shares during the last quarter. JPMorgan Chase & Co. increased its position in Gentex by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 867,564 shares of the auto parts company’s stock worth $18,618,000 after purchasing an additional 83,550 shares during the last quarter. Deutsche Bank AG increased its position in Gentex by 46.9% in the 3rd quarter. Deutsche Bank AG now owns 804,198 shares of the auto parts company’s stock worth $17,255,000 after purchasing an additional 256,924 shares during the last quarter. Jane Street Group LLC acquired a new position in Gentex in the 3rd quarter worth about $296,000. Finally, Man Group plc increased its position in Gentex by 29.8% in the 3rd quarter. Man Group plc now owns 186,457 shares of the auto parts company’s stock worth $4,001,000 after purchasing an additional 42,849 shares during the last quarter. 85.18% of the stock is currently owned by institutional investors.
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.
Recommended Story: How to interpret a stock’s beta number
Receive News & Ratings for Gentex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex and related companies with MarketBeat.com's FREE daily email newsletter.