Gentex Corporation $GNTX Stock Holdings Trimmed by Osaic Holdings Inc.

Osaic Holdings Inc. decreased its holdings in Gentex Corporation (NASDAQ:GNTX) by 26.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 137,706 shares of the auto parts company’s stock after selling 49,987 shares during the quarter. Osaic Holdings Inc. owned 0.06% of Gentex worth $3,028,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Gentex by 4.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,875 shares of the auto parts company’s stock worth $277,000 after purchasing an additional 521 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of Gentex by 4.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,025 shares of the auto parts company’s stock worth $286,000 after acquiring an additional 562 shares during the period. Nisa Investment Advisors LLC lifted its position in Gentex by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 139,315 shares of the auto parts company’s stock worth $3,064,000 after purchasing an additional 614 shares during the period. UMB Bank n.a. lifted its holdings in shares of Gentex by 34.4% in the second quarter. UMB Bank n.a. now owns 2,854 shares of the auto parts company’s stock valued at $63,000 after buying an additional 730 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Gentex by 12.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,721 shares of the auto parts company’s stock valued at $148,000 after acquiring an additional 764 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Gentex from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. UBS Group restated a “neutral” rating and issued a $29.00 price target (up previously from $28.00) on shares of Gentex in a research report on Monday, October 6th. Robert W. Baird set a $29.00 price objective on shares of Gentex in a research report on Monday, October 27th. Zacks Research lowered Gentex from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, The Goldman Sachs Group set a $27.00 target price on Gentex and gave the stock a “neutral” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.29.

Gentex Price Performance

Shares of GNTX stock opened at $23.47 on Friday. Gentex Corporation has a fifty-two week low of $20.28 and a fifty-two week high of $29.52. The stock’s 50-day moving average is $23.46 and its two-hundred day moving average is $24.98. The firm has a market cap of $5.14 billion, a P/E ratio of 13.81 and a beta of 0.78.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, October 24th. The auto parts company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). Gentex had a net margin of 15.61% and a return on equity of 15.86%. The firm had revenue of $570.32 million for the quarter, compared to analyst estimates of $661.10 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts expect that Gentex Corporation will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 7th. Gentex’s payout ratio is currently 28.24%.

Gentex Company Profile

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).