Gentex Co. (NASDAQ:GNTX) Shares Acquired by Man Group plc

Man Group plc increased its position in Gentex Co. (NASDAQ:GNTX) by 142.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 534,330 shares of the auto parts company’s stock after purchasing an additional 313,828 shares during the quarter. Man Group plc owned 0.21% of Gentex worth $14,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. purchased a new position in Gentex in the 3rd quarter valued at about $26,000. 1 North Wealth Services LLC purchased a new position in Gentex in the third quarter valued at about $28,000. Capital Bank & Trust Co acquired a new stake in Gentex during the 2nd quarter valued at approximately $49,000. Hikari Tsushin Inc. acquired a new stake in Gentex during the 2nd quarter valued at approximately $50,000. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in Gentex by 40.9% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,092 shares of the auto parts company’s stock valued at $58,000 after purchasing an additional 607 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Roger Perry Campbell sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $88.92, for a total transaction of $133,380.00. Also, Director Gary F. Goode sold 9,414 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $28.10, for a total value of $264,533.40. Following the sale, the director now owns 29,817 shares in the company, valued at $837,857.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,914 shares of company stock worth $1,284,113. Insiders own 0.37% of the company’s stock.

A number of equities analysts have issued reports on the company. ValuEngine raised Gentex from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Zacks Investment Research downgraded shares of Gentex from a “hold” rating to a “sell” rating and set a $29.00 price target for the company. in a research report on Thursday, October 17th. B. Riley raised their price target on shares of Gentex from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Guggenheim set a $31.00 price target on shares of Gentex and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, BidaskClub cut shares of Gentex from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Gentex currently has an average rating of “Hold” and a consensus target price of $27.28.

Shares of NASDAQ GNTX opened at $28.05 on Wednesday. The stock’s 50 day moving average price is $28.34 and its two-hundred day moving average price is $26.14. Gentex Co. has a 52-week low of $19.24 and a 52-week high of $29.69. The stock has a market capitalization of $7.18 billion, a P/E ratio of 17.31, a PEG ratio of 3.45 and a beta of 1.15.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, October 18th. The auto parts company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Gentex had a return on equity of 22.87% and a net margin of 23.09%. The company had revenue of $477.76 million during the quarter, compared to analyst estimates of $475.59 million. During the same quarter last year, the firm earned $0.42 EPS. The business’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that Gentex Co. will post 1.64 EPS for the current fiscal year.

Gentex Profile

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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