Gentex (NASDAQ:GNTX – Get an assessment) saw its target price lowered by Goldman Sachs Group from $26.00 to $25.00 in a note issued to investors on Wednesday, reports The Fly. Goldman Sachs Group’s price target suggests a potential decline of 19.56% from the current share price.
A number of other research companies also commented on GNTX. Robert W. Baird raised his price target on Gentex from $33.00 to $34.00 in a Monday, April 25 research report. StockNews.com assumed coverage of Gentex in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. BNP Paribas assumed coverage of Gentex in a research report on Monday, April 11. They set an “outperformance” rating on the stock. Exane BNP Paribas took over the Gentex coverage in a Monday, April 11 research report. They set an “outperformance” rating on the stock. Finally, Zacks Investment Research upgraded Gentex from a “sell” to a “hold” rating and set a price target of $31.00 for the stock in a Wednesday, April 27 research report. One research analyst rated the stock with a sell rating, two gave the stock a hold rating, and six gave the stock a buy rating. According to MarketBeat, Gentex has an average rating of “Buy” and a consensus target price of $33.38.
Shares of GNTX opened at $31.08 on Wednesday. Gentex has a 1-year low of $27.06 and a 1-year high of $37.90. The stock has a 50-day simple moving average of $29.14 and a 200-day simple moving average of $31.52. The stock has a market capitalization of $7.29 billion, a PE ratio of 22.20, a PEG ratio of 1.66 and a beta of 0.89.
Gentex (NASDAQ:GNTX – Get Rating) last released its results on Friday, April 22. The auto parts company reported earnings per share (EPS) of $0.37 for the quarter, beating analyst consensus estimates of $0.32 by $0.05. Gentex had a return on equity of 17.46% and a net margin of 19.52%. The company posted revenue of $468.50 million in the quarter, compared to $432.40 million expected by analysts. During the same period a year earlier, the company posted EPS of $0.46. Gentex’s quarterly revenue decreased 3.1% from the same quarter last year. As a group, analysts expect Gentex to post 1.64 earnings per share for the current fiscal year.
Separately, CTO Neil Boehm sold 4,500 shares of the company in a trade on Thursday, March 31. The stock was sold at an average price of $29.24, for a total value of $131,580.00. The transaction was disclosed in a document filed with the SEC, which is available via this link. Additionally, director Gary F. Goode sold 2,845 shares of the company in a trade on Friday, May 20. The stock was sold at an average price of $30.17, for a total value of $85,833.65. Following completion of the transaction, the administrator now owns 27,861 shares of the company, valued at $840,566.37. The disclosure of this sale can be found here. Insiders sold a total of 13,045 shares of the company worth $384,082 during the last quarter. Company insiders own 0.16% of the company’s shares.
Several large investors have recently bought and sold shares of the company. Toroso Investments LLC increased its position in Gentex shares by 42.9% in the 1st quarter. Toroso Investments LLC now owns 16,763 shares of the auto parts company worth $489,000 after buying 5,036 additional shares in the last quarter. Gabelli Funds LLC increased its stake in Gentex by 4.3% during the 1st quarter. Gabelli Funds LLC now owns 120,000 shares of the auto parts company worth $3,500,000 after purchasing an additional 5,000 shares during the period. Gamco Investors Inc. ET AL increased its stake in Gentex by 3.9% during the 1st quarter. Gamco Investors Inc. ET AL now owns 213,800 shares of the auto parts company worth $6,237,000 after purchasing an additional 8,040 shares during the period. Advisors Asset Management Inc. increased its stake in Gentex by 20.8% during the 1st quarter. Advisors Asset Management Inc. now owns 31,096 shares of the auto parts company worth $907,000 after buying an additional 5,350 shares during the period. Finally, Shay Capital LLC increased its stake in Gentex by 20.0% during the 1st quarter. Shay Capital LLC now owns 12,000 shares of the auto parts company worth $350,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds hold 86.24% of the company’s shares.
About Gentex (Get a rating)
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 and internationally. It operates through Automotive Products and Others segments. The Company offers automotive products, including auto-dimming electrochromic interior and exterior mirrors, automotive electronics and non-automatic dimming mirrors for passenger cars, light trucks, pickup trucks, sport utility vehicles and vans. for original equipment. automotive manufacturers, suppliers and various aftermarket and accessory customers.
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