Gentex Co. (NASDAQ:GNTX) Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in Gentex Co. (NASDAQ:GNTX) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,039 shares of the auto parts company’s stock after selling 6,657 shares during the quarter. Strs Ohio’s holdings in Gentex were worth $2,222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Gentex by 8.3% in the first quarter. American Century Companies Inc. now owns 45,689 shares of the auto parts company’s stock valued at $1,332,000 after purchasing an additional 3,492 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Gentex by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,682 shares of the auto parts company’s stock valued at $2,529,000 after acquiring an additional 8,265 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Gentex by 0.9% during the first quarter. BlackRock Inc. now owns 20,990,163 shares of the auto parts company’s stock worth $612,282,000 after buying an additional 190,797 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Gentex by 10.1% during the first quarter. Great West Life Assurance Co. Can now owns 137,269 shares of the auto parts company’s stock valued at $4,117,000 after buying an additional 12,625 shares during the period. Finally, Raymond James Trust N.A. grew its stake in Gentex by 40.9% in the 1st quarter. Raymond James Trust N.A. now owns 8,688 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 2,524 shares during the period. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GNTX has been the topic of a number of recent analyst reports. StockNews.com raised Gentex from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. B. Riley raised their price target on Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Guggenheim upped their price objective on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on shares of Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Gentex presently has an average rating of “Moderate Buy” and a consensus target price of $37.83.

Insider Transactions at Gentex

In other news, Director Richard O. Schaum sold 6,022 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the transaction, the director now owns 62,555 shares of the company’s stock, valued at $2,122,491.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the sale, the chief financial officer now directly owns 44,321 shares in the company, valued at $1,464,365.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard O. Schaum sold 6,022 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the transaction, the director now directly owns 62,555 shares of the company’s stock, valued at $2,122,491.15. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Gentex Stock Up 1.0 %

Gentex stock opened at $33.91 on Friday. The firm has a fifty day moving average of $35.70 and a 200-day moving average of $32.98. Gentex Co. has a 52-week low of $25.85 and a 52-week high of $37.58. The firm has a market capitalization of $7.84 billion, a P/E ratio of 18.43, a PEG ratio of 0.71 and a beta of 0.99.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Gentex had a return on equity of 19.25% and a net margin of 18.63%. The company had revenue of $589.13 million for the quarter, compared to analyst estimates of $563.42 million. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. On average, research analysts expect that Gentex Co. will post 2.16 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex’s dividend payout ratio (DPR) is 26.09%.

Gentex Company 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.