TD Waterhouse Canada Inc. Decreases Holdings in Gentex Corporation $GNTX

TD Waterhouse Canada Inc. trimmed its position in shares of Gentex Corporation (NASDAQ:GNTX) by 91.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,058 shares of the auto parts company’s stock after selling 21,838 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Gentex were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of GNTX. Royal Bank of Canada grew its stake in shares of Gentex by 33.1% during the 1st quarter. Royal Bank of Canada now owns 189,561 shares of the auto parts company’s stock valued at $4,418,000 after purchasing an additional 47,150 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Gentex by 1.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,321,634 shares of the auto parts company’s stock worth $30,794,000 after buying an additional 23,454 shares during the last quarter. Empowered Funds LLC grew its position in Gentex by 255.6% during the first quarter. Empowered Funds LLC now owns 81,142 shares of the auto parts company’s stock valued at $1,891,000 after buying an additional 58,323 shares during the period. KLP Kapitalforvaltning AS increased its holdings in Gentex by 5.7% during the second quarter. KLP Kapitalforvaltning AS now owns 68,500 shares of the auto parts company’s stock valued at $1,506,000 after buying an additional 3,700 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Gentex by 11.2% in the second quarter. Blue Trust Inc. now owns 14,209 shares of the auto parts company’s stock worth $312,000 after acquiring an additional 1,426 shares during the period. Institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

GNTX has been the topic of a number of recent research reports. UBS Group set a $25.00 target price on Gentex in a report on Monday. Robert W. Baird set a $26.00 price target on Gentex in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Gentex from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. The Goldman Sachs Group set a $27.00 price objective on Gentex and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gentex in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.71.

Gentex Stock Down 1.5%

Shares of Gentex stock opened at $24.48 on Friday. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 14.07 and a beta of 0.78. The stock’s 50-day simple moving average is $23.67 and its 200-day simple moving average is $25.28. Gentex Corporation has a 52 week low of $20.28 and a 52 week high of $29.38.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, January 30th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Gentex had a return on equity of 16.05% and a net margin of 15.19%.The company had revenue of $644.40 million for the quarter, compared to the consensus estimate of $650.90 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. On average, equities analysts expect that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. Gentex’s dividend payout ratio (DPR) is presently 27.59%.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).