SVB Wealth LLC Has $546,000 Stock Holdings in Gentex Co. (NASDAQ:GNTX)

SVB Wealth LLC trimmed its position in Gentex Co. (NASDAQ:GNTX) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,714 shares of the auto parts company’s stock after selling 3,305 shares during the period. SVB Wealth LLC’s holdings in Gentex were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Gentex

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on GNTX. The Goldman Sachs Group boosted their price target on Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. increased 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. Guggenheim boosted their price objective on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, B. Riley raised their target price on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.83.

Gentex Price Performance

Shares of Gentex stock opened at $33.91 on Friday. The company’s 50 day moving average price is $35.70 and its two-hundred day moving average price is $32.99. The firm has a market capitalization of $7.84 billion, a P/E ratio of 18.43, a P/E/G ratio of 0.71 and a beta of 0.99. Gentex Co. has a fifty-two week low of $25.85 and a fifty-two week high of $37.58.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 earnings per share 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 the consensus estimate of $563.42 million. During the same quarter last year, the business posted $0.37 EPS. Gentex’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts expect that Gentex Co. will post 2.16 earnings per share for the current year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were given a $0.12 dividend. 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 currently 26.09%.

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.