Janus Henderson Group PLC Buys 4,000 Shares of Gentex Co. (NASDAQ:GNTX)

Janus Henderson Group PLC boosted its stake in Gentex Co. (NASDAQ:GNTX) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,790 shares of the auto parts company’s stock after purchasing an additional 4,000 shares during the quarter. Janus Henderson Group PLC’s holdings in Gentex were worth $2,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC increased its position in Gentex by 54.4% in the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock valued at $3,205,000 after buying an additional 38,027 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in Gentex in the fourth quarter valued at approximately $220,000. Inspire Investing LLC increased its holdings in shares of Gentex by 36.9% during the fourth quarter. Inspire Investing LLC now owns 55,655 shares of the auto parts company’s stock valued at $1,599,000 after acquiring an additional 14,989 shares in the last quarter. Tributary Capital Management LLC increased its holdings in shares of Gentex by 28.7% during the fourth quarter. Tributary Capital Management LLC now owns 34,361 shares of the auto parts company’s stock valued at $987,000 after acquiring an additional 7,660 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in shares of Gentex by 5.9% during the fourth quarter. First Citizens Bank & Trust Co. now owns 19,388 shares of the auto parts company’s stock worth $557,000 after purchasing an additional 1,081 shares during the period. 86.76% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $22.87, for a total value of $86,082.68. Following the sale, the director now directly owns 5,939 shares in the company, valued at approximately $135,824.93. The trade was a 38.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Gentex Stock Down 2.1%

Gentex stock opened at $22.56 on Wednesday. Gentex Co. has a 52 week low of $20.28 and a 52 week high of $35.32. The company’s 50 day moving average price is $22.44 and its two-hundred day moving average price is $25.95. The stock has a market cap of $5.07 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.84 and a beta of 0.85.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $576.77 million for the quarter, compared to analyst estimates of $578.68 million. Gentex had a return on equity of 16.74% and a net margin of 17.49%. Gentex’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. On average, equities analysts anticipate that Gentex Co. will post 2.04 EPS for the current year.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex’s dividend payout ratio is currently 28.07%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GNTX. Baird R W lowered shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. UBS Group decreased their target price on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group dropped their price target on shares of Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Robert W. Baird reissued a “neutral” rating and set a $25.00 price objective (down from $31.00) on shares of Gentex in a report on Tuesday, April 15th. Finally, B. Riley reissued a “buy” rating and issued a $32.50 price objective (down from $37.00) on shares of Gentex in a research note on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.31.

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.