iSAM Funds UK Ltd Buys Shares of 17,284 Gentex Co. (NASDAQ:GNTX)

iSAM Funds UK Ltd bought a new stake in shares of Gentex Co. (NASDAQ:GNTX) during the fourth quarter, Holdings Channel reports. The fund bought 17,284 shares of the auto parts company’s stock, valued at approximately $497,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Barclays PLC boosted its holdings in shares of Gentex by 54.4% in the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock valued at $3,205,000 after buying an additional 38,027 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Gentex in the 4th quarter valued at about $220,000. Inspire Investing LLC boosted its holdings in shares of Gentex by 36.9% in the 4th quarter. Inspire Investing LLC now owns 55,655 shares of the auto parts company’s stock valued at $1,599,000 after buying an additional 14,989 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in shares of Gentex by 28.7% in the 4th quarter. Tributary Capital Management LLC now owns 34,361 shares of the auto parts company’s stock valued at $987,000 after buying an additional 7,660 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Gentex by 5.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 19,388 shares of the auto parts company’s stock valued at $557,000 after buying an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

GNTX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Baird R W cut shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Robert W. Baird reiterated a “neutral” rating and issued a $25.00 target price (down from $31.00) on shares of Gentex in a research note on Tuesday, April 15th. Guggenheim lowered their target price on shares of Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group lowered their target price on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.31.

Gentex Trading Down 2.1%

Shares of NASDAQ GNTX opened at $22.56 on Wednesday. Gentex Co. has a 12 month low of $20.28 and a 12 month high of $35.32. The company has a 50 day simple moving average of $22.44 and a two-hundred day simple moving average of $25.95. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.84 and a beta of 0.85.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $576.77 million during the quarter, compared to analyst estimates of $578.68 million. Gentex had a net margin of 17.49% and a return on equity of 16.74%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. Analysts forecast that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex’s payout ratio is presently 28.07%.

Insider Buying and Selling

In related news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $22.87, for a total value of $86,082.68. Following the completion of the sale, the director now owns 5,939 shares of the company’s stock, valued at approximately $135,824.93. The trade was a 38.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by insiders.

Gentex 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.