Intech Investment Management LLC reduced its position in Gentex Corporation (NASDAQ:GNTX – Free Report) by 60.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,949 shares of the auto parts company’s stock after selling 49,389 shares during the quarter. Intech Investment Management LLC’s holdings in Gentex were worth $743,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Employees Retirement System of Texas acquired a new stake in shares of Gentex in the fourth quarter valued at approximately $56,000. Clearstead Advisors LLC boosted its holdings in shares of Gentex by 82.3% in the third quarter. Clearstead Advisors LLC now owns 2,042 shares of the auto parts company’s stock valued at $58,000 after acquiring an additional 922 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Gentex by 2,420.7% in the third quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock valued at $58,000 after acquiring an additional 1,985 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Gentex in the fourth quarter valued at approximately $73,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Gentex by 2,038.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,512 shares of the auto parts company’s stock valued at $99,000 after acquiring an additional 4,301 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Gentex
In other news, Director Brian C. Walker sold 5,939 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $22.98, for a total value of $136,478.22. Following the completion of the transaction, the director owned 24,205 shares in the company, valued at $556,230.90. This trade represents a 19.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph B. Anderson, Jr. sold 5,939 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 16,693 shares of company stock valued at $385,194. 0.55% of the stock is owned by company insiders.
Analysts Set New Price Targets
View Our Latest Stock Analysis on GNTX
Gentex Price Performance
Shares of NASDAQ GNTX opened at $24.71 on Tuesday. The stock has a fifty day moving average price of $23.00 and a 200 day moving average price of $23.16. Gentex Corporation has a 1-year low of $20.48 and a 1-year high of $29.38. The company has a market cap of $5.26 billion, a PE ratio of 13.88 and a beta of 0.79.
Gentex (NASDAQ:GNTX – Get Free Report) last released its earnings results on Friday, April 24th. The auto parts company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Gentex had a return on equity of 16.27% and a net margin of 14.75%.The company had revenue of $675.44 million during the quarter, compared to the consensus estimate of $649.42 million. During the same quarter last year, the company earned $0.42 earnings per share. Gentex’s quarterly revenue was up 17.1% compared to the same quarter last year. Analysts anticipate that Gentex Corporation will post 1.96 earnings per share for the current fiscal year.
Gentex Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%. Gentex’s dividend payout ratio (DPR) is 26.97%.
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).
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