GSA Capital Partners LLP bought a new stake in shares of Gentex Corporation (NASDAQ:GNTX – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,330 shares of the auto parts company’s stock, valued at approximately $822,000.
A number of other large investors have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in shares of Gentex by 10.3% during the 3rd quarter. Wellington Management Group LLP now owns 14,828,120 shares of the auto parts company’s stock valued at $419,636,000 after purchasing an additional 1,383,203 shares in the last quarter. State Street Corp boosted its stake in shares of Gentex by 1.0% during the 2nd quarter. State Street Corp now owns 7,439,333 shares of the auto parts company’s stock valued at $163,591,000 after purchasing an additional 74,779 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Gentex by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 6,742,293 shares of the auto parts company’s stock valued at $190,807,000 after purchasing an additional 131,035 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Gentex by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,725,426 shares of the auto parts company’s stock valued at $190,330,000 after purchasing an additional 1,206,060 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Gentex by 2.1% during the 3rd quarter. Boston Partners now owns 5,912,491 shares of the auto parts company’s stock valued at $167,299,000 after purchasing an additional 123,731 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.
Gentex Price Performance
Shares of NASDAQ GNTX opened at $23.85 on Friday. Gentex Corporation has a 1 year low of $20.48 and a 1 year high of $29.38. The stock has a market cap of $5.08 billion, a P/E ratio of 13.40 and a beta of 0.78. The firm has a 50-day moving average of $22.32 and a 200 day moving average of $23.06.
Gentex Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, April 8th. Gentex’s dividend payout ratio (DPR) is 26.97%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on GNTX shares. Wall Street Zen raised shares of Gentex from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Robert W. Baird lifted their target price on shares of Gentex from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. B. Riley Financial reaffirmed a “buy” rating and set a $29.00 target price (up from $28.00) on shares of Gentex in a research note on Monday, April 27th. JPMorgan Chase & Co. lifted their target price on shares of Gentex from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Freedom Capital raised shares of Gentex to a “strong-buy” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.83.
Get Our Latest Analysis on Gentex
Insider Activity at Gentex
In related news, Director Joseph B. Anderson, Jr. sold 5,939 shares of Gentex stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $22.98, for a total transaction of $136,478.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard O. Schaum sold 4,815 shares of Gentex stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $23.31, for a total transaction of $112,237.65. Following the transaction, the director directly owned 81,443 shares of the company’s stock, valued at approximately $1,898,436.33. This trade represents a 5.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,693 shares of company stock valued at $385,194 in the last three months. Company insiders own 0.55% of the company’s stock.
Gentex 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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