OxFORD Asset Management LLP decreased its stake in shares of Gentex Co. (NASDAQ:GNTX) by 32.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,622 shares of the auto parts company’s stock after selling 19,592 shares during the period. OxFORD Asset Management LLP’s holdings in Gentex were worth $806,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in GNTX. Northwestern Mutual Wealth Management Co. grew its position in shares of Gentex by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,293 shares of the auto parts company’s stock valued at $100,000 after purchasing an additional 368 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Gentex in the third quarter valued at $105,000. Ffcm LLC purchased a new stake in shares of Gentex in the third quarter valued at $174,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Gentex in the second quarter valued at $194,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Gentex in the second quarter valued at $195,000. 81.72% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Gentex from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Gentex in a research report on Sunday, October 15th. ValuEngine downgraded Gentex from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised Gentex from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, B. Riley reiterated a “buy” rating on shares of Gentex in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Gentex currently has an average rating of “Buy” and an average price target of $22.21.
Gentex Co. (NASDAQ GNTX) opened at $20.89 on Friday. Gentex Co. has a fifty-two week low of $16.59 and a fifty-two week high of $22.12. The firm has a market capitalization of $5,940.00, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.69 and a beta of 1.22.
Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, October 20th. The auto parts company reported $0.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.31. Gentex had a return on equity of 18.45% and a net margin of 20.80%. The firm had revenue of $438.63 million for the quarter, compared to analysts’ expectations of $452.42 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts expect that Gentex Co. will post 1.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, January 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, January 4th. Gentex’s payout ratio is currently 31.75%.
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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.
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