Gentex Corporation $GNTX Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. grew its stake in shares of Gentex Corporation (NASDAQ:GNTX) by 16.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 730,472 shares of the auto parts company’s stock after purchasing an additional 101,997 shares during the quarter. Alps Advisors Inc. owned 0.33% of Gentex worth $20,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Addison Advisors LLC acquired a new position in Gentex during the 2nd quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gentex in the third quarter valued at approximately $38,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Gentex during the third quarter valued at approximately $65,000. Steph & Co. lifted its position in shares of Gentex by 30.5% during the third quarter. Steph & Co. now owns 2,684 shares of the auto parts company’s stock worth $76,000 after purchasing an additional 627 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new position in shares of Gentex in the second quarter valued at $81,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Stock Performance

Shares of GNTX stock opened at $24.12 on Monday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 13.86 and a beta of 0.78. Gentex Corporation has a one year low of $20.28 and a one year high of $29.38. The company’s 50-day simple moving average is $23.70 and its 200-day simple moving average is $25.31.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, January 30th. The auto parts company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Gentex had a return on equity of 16.05% and a net margin of 15.19%.The firm had revenue of $644.40 million during the quarter, compared to analyst estimates of $650.90 million. During the same period in the previous year, the company earned $0.39 earnings per share. Gentex’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, research analysts forecast that Gentex Corporation will post 2.04 EPS for the current year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 7th. This represents a $0.48 annualized dividend and a yield of 2.0%. Gentex’s payout ratio is presently 27.59%.

Analyst Ratings Changes

GNTX has been the topic of several analyst reports. The Goldman Sachs Group set a $27.00 price target on shares of Gentex and gave the stock a “neutral” rating in a research note on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Gentex in a research report on Thursday, January 22nd. B. Riley Financial dropped their target price on Gentex from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. JPMorgan Chase & Co. boosted their price target on Gentex from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Finally, UBS Group set a $25.00 price objective on Gentex in a research note on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Gentex has an average rating of “Hold” and a consensus price target of $26.71.

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).