XXEC Inc. Has $36.61 Million Stock Holdings in Gentex Corporation $GNTX

Posted by Francis Steltz on Jul 1st, 2026

XXEC Inc. raised its stake in shares of Gentex Corporation (NASDAQ:GNTX – Free Report) by 483.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,541,062 shares of the auto parts company’s stock after buying an additional 1,277,120 shares during the quarter. Gentex makes up about 7.2% of XXEC Inc.’s holdings, making the stock its 5th largest holding. XXEC Inc.’s holdings in Gentex were worth $36,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada increased its position in Gentex by 33.1% during the first quarter. Royal Bank of Canada now owns 189,561 shares of the auto parts company’s stock valued at $4,418,000 after acquiring an additional 47,150 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Gentex by 1.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,321,634 shares of the auto parts company’s stock worth $30,794,000 after purchasing an additional 23,454 shares during the last quarter. Empowered Funds LLC boosted its position in Gentex by 255.6% in the first quarter. Empowered Funds LLC now owns 81,142 shares of the auto parts company’s stock worth $1,891,000 after purchasing an additional 58,323 shares during the last quarter. Invesco Ltd. boosted its position in Gentex by 8.0% in the second quarter. Invesco Ltd. now owns 813,163 shares of the auto parts company’s stock worth $17,881,000 after purchasing an additional 60,127 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Gentex by 2,038.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,512 shares of the auto parts company’s stock valued at $99,000 after purchasing an additional 4,301 shares during the period. 86.76% of the stock is owned by institutional investors.

Gentex Trading Up 0.6%

Shares of NASDAQ:GNTX opened at $25.27 on Wednesday. The stock has a 50 day moving average of $24.16 and a 200 day moving average of $23.46. The company has a market cap of $5.38 billion, a PE ratio of 14.20 and a beta of 0.79. Gentex Corporation has a 12-month low of $20.48 and a 12-month high of $29.38.

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, topping analysts’ consensus estimates of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The company had revenue of $675.44 million for the quarter, compared to analysts’ expectations of $649.42 million. During the same quarter last year, the business earned $0.42 EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. Equities research analysts predict that Gentex Corporation will post 1.96 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, July 8th. Gentex’s dividend payout ratio (DPR) is presently 26.97%.

Insider Activity at Gentex

In other Gentex news, Director Joseph B. Anderson, Jr. sold 5,939 shares of the 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian C. Walker sold 5,939 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. Following the sale, the director directly owned 24,205 shares in the company, valued at approximately $556,230.90. This represents a 19.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,693 shares of company stock worth $385,194. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Gentex from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. UBS Group set a $26.00 price objective on shares of Gentex in a report on Sunday, April 26th. Robert W. Baird boosted their target price on shares of Gentex from $25.00 to $26.00 and gave the company a “neutral” rating in a research report 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 report on Monday, April 27th. Finally, Freedom Capital upgraded shares of Gentex to a “strong-buy” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.83.

Get Our Latest Stock Analysis on GNTX

Gentex Profile

(Free Report)

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).