Mutual of America Capital Management LLC Has $3.45 Million Holdings in Gentex Co. (NASDAQ:GNTX)

Mutual of America Capital Management LLC lessened its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,140 shares of the auto parts company’s stock after selling 4,282 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Gentex worth $3,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GNTX. Midwest Capital Advisors LLC acquired a new stake in shares of Gentex during the 4th quarter worth approximately $26,000. Synergy Asset Management LLC acquired a new stake in shares of Gentex during the 4th quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Gentex by 32.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 593 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Gentex during the 3rd quarter worth approximately $125,000. Finally, GAMMA Investing LLC boosted its position in shares of Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after acquiring an additional 3,152 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on GNTX shares. JPMorgan Chase & Co. reduced their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. B. Riley reissued a “buy” rating and issued a $32.50 price objective (down previously from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Robert W. Baird set a $31.00 price objective on shares of Gentex in a research note on Monday, February 3rd. Guggenheim dropped their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Finally, UBS Group dropped their price objective on shares of Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Gentex currently has an average rating of “Hold” and an average target price of $32.31.

Gentex Stock Performance

GNTX stock opened at $24.62 on Thursday. The company has a fifty day moving average price of $26.41 and a 200-day moving average price of $28.79. The company has a market capitalization of $5.59 billion, a P/E ratio of 13.99, a PEG ratio of 0.84 and a beta of 0.91. Gentex Co. has a 52-week low of $23.63 and a 52-week high of $37.58.

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 return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the prior year, the company posted $0.50 EPS. As a group, sell-side analysts forecast that Gentex Co. will post 2.04 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, April 9th. Gentex’s dividend payout ratio is presently 27.27%.

About Gentex

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.