James Investment Research Inc. Invests $342,000 in Gentex Corporation (GNTX)

James Investment Research Inc. bought a new stake in shares of Gentex Corporation (NASDAQ:GNTX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,020 shares of the auto parts company’s stock, valued at approximately $342,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Gentex Corporation by 13,551.0% in the first quarter. BlackRock Inc. now owns 23,213,469 shares of the auto parts company’s stock valued at $495,146,000 after buying an additional 23,043,420 shares during the last quarter. Vanguard Group Inc. increased its position in Gentex Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 22,837,202 shares of the auto parts company’s stock valued at $487,117,000 after buying an additional 936,474 shares during the last quarter. State Street Corp increased its position in Gentex Corporation by 4.6% in the first quarter. State Street Corp now owns 7,765,951 shares of the auto parts company’s stock valued at $165,651,000 after buying an additional 339,317 shares during the last quarter. Bank of New York Mellon Corp increased its position in Gentex Corporation by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 4,070,220 shares of the auto parts company’s stock valued at $86,817,000 after buying an additional 145,338 shares during the last quarter. Finally, Columbia Wanger Asset Management LLC increased its position in Gentex Corporation by 36.3% in the first quarter. Columbia Wanger Asset Management LLC now owns 3,755,599 shares of the auto parts company’s stock valued at $80,107,000 after buying an additional 1,000,470 shares during the last quarter. 81.46% of the stock is currently owned by institutional investors.

Shares of Gentex Corporation (NASDAQ:GNTX) traded down 1.16% on Friday, hitting $17.11. The stock had a trading volume of 1,875,911 shares. The firm has a 50-day moving average of $17.82 and a 200 day moving average of $19.55. The company has a market capitalization of $4.89 billion, a PE ratio of 13.58 and a beta of 1.18. Gentex Corporation has a 1-year low of $16.06 and a 1-year high of $22.12.

Gentex Corporation (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, July 21st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. Gentex Corporation had a return on equity of 18.95% and a net margin of 21.01%. The company had revenue of $443.10 million for the quarter, compared to the consensus estimate of $446.36 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that Gentex Corporation will post $1.27 earnings per share for the current fiscal year.

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GNTX has been the topic of several research reports. Zacks Investment Research downgraded Gentex Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 26th. Wellington Shields cut Gentex Corporation from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, May 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $22.00 price target (down from $25.00) on shares of Gentex Corporation in a research note on Monday, July 24th. Craig Hallum cut Gentex Corporation from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research note on Monday, July 24th. Finally, FBR & Co restated an “outperform” rating and set a $25.00 target price on shares of Gentex Corporation in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.75.

In other Gentex Corporation news, Director John A. Mulder sold 10,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $19.22, for a total value of $192,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Fred Bauer sold 239,400 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $17.33, for a total transaction of $4,148,802.00. Following the completion of the sale, the chairman now directly owns 5,771,128 shares of the company’s stock, valued at $100,013,648.24. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Gentex Corporation Company Profile

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.

Institutional Ownership by Quarter for Gentex Corporation (NASDAQ:GNTX)

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