Brown Advisory Inc. Has $605,000 Position in Gentex Corporation (NASDAQ:GNTX)

Brown Advisory Inc. lessened its stake in Gentex Corporation (NASDAQ:GNTXFree Report) by 97.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,973 shares of the auto parts company’s stock after selling 1,239,759 shares during the quarter. Brown Advisory Inc.’s holdings in Gentex were worth $605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC boosted its holdings in shares of Gentex by 138.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company’s stock valued at $33,000 after buying an additional 662 shares during the period. Harbor Investment Advisory LLC raised its position in Gentex by 208.2% during the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,093 shares in the last quarter. UMB Bank n.a. raised its position in Gentex by 103.3% during the first quarter. UMB Bank n.a. now owns 2,124 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 1,079 shares in the last quarter. NBC Securities Inc. raised its position in shares of Gentex by 268,600.0% in the first quarter. NBC Securities Inc. now owns 2,687 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 2,686 shares during the period. Finally, LRI Investments LLC raised its position in shares of Gentex by 33.2% in the fourth quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company’s stock valued at $79,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Trading Down 0.1%

GNTX opened at $23.06 on Tuesday. The company’s 50 day moving average is $22.16 and its 200-day moving average is $23.73. Gentex Corporation has a 1-year low of $20.28 and a 1-year high of $35.32. The company has a market cap of $5.18 billion, a P/E ratio of 13.49, a PEG ratio of 1.14 and a beta of 0.81.

Gentex (NASDAQ:GNTXGet Free Report) last issued its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $576.77 million during the quarter, compared to analyst estimates of $578.68 million. Gentex had a net margin of 17.01% and a return on equity of 16.11%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. On average, equities analysts forecast that Gentex Corporation will post 2.04 EPS for the current year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.48 annualized dividend and a yield of 2.08%. Gentex’s payout ratio is 28.07%.

Insider Transactions at Gentex

In other Gentex news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $22.87, for a total transaction of $86,082.68. Following the completion of the transaction, the director owned 5,939 shares in the company, valued at approximately $135,824.93. This trade represents a 38.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

GNTX has been the topic of several research reports. The Goldman Sachs Group restated a “neutral” rating on shares of Gentex in a research note on Friday. Industrial Alliance Securities set a $25.00 price objective on shares of Gentex in a research note on Friday. Guggenheim reduced their price objective on shares of Gentex from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Baird R W downgraded shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, UBS Group increased their price objective on shares of Gentex from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.28.

View Our Latest Stock Analysis on GNTX

About Gentex

(Free Report)

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.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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