Gamco Investors INC. ET AL Buys 5,700 Shares of Gentex Co. (NASDAQ:GNTX)

Gamco Investors INC. ET AL grew its stake in shares of Gentex Co. (NASDAQ:GNTXGet Rating) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 205,760 shares of the auto parts company’s stock after acquiring an additional 5,700 shares during the period. Gamco Investors INC. ET AL owned about 0.09% of Gentex worth $7,171,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GNTX. National Bank of Canada FI bought a new position in Gentex in the fourth quarter worth approximately $30,000. Clearstead Advisors LLC acquired a new position in shares of Gentex during the third quarter worth $31,000. Benjamin Edwards Inc. acquired a new position in shares of Gentex during the fourth quarter worth $33,000. Covestor Ltd acquired a new position in shares of Gentex during the fourth quarter worth $37,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Gentex during the third quarter worth $38,000. 86.24% of the stock is owned by institutional investors.

NASDAQ GNTX opened at $29.83 on Monday. The firm has a market cap of $6.99 billion, a PE ratio of 21.31, a P/E/G ratio of 1.59 and a beta of 0.89. Gentex Co. has a one year low of $27.06 and a one year high of $37.90. The firm’s fifty day moving average is $28.96 and its two-hundred day moving average is $31.80.

Gentex (NASDAQ:GNTXGet Rating) last posted its quarterly earnings data on Friday, April 22nd. The auto parts company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $468.50 million for the quarter, compared to analyst estimates of $432.40 million. Gentex had a net margin of 19.52% and a return on equity of 17.46%. Gentex’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. Research analysts anticipate that Gentex Co. will post 1.64 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 20th. Stockholders of record on Friday, April 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, April 7th. Gentex’s payout ratio is 34.29%.

GNTX has been the topic of a number of research analyst reports. Exane BNP Paribas initiated coverage on shares of Gentex in a report on Monday, April 11th. They set an “outperform” rating on the stock. Zacks Investment Research raised shares of Gentex from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research note on Wednesday, April 27th. The Goldman Sachs Group reduced their price target on shares of Gentex from $28.00 to $25.00 and set a “sell” rating for the company in a research report on Tuesday, March 22nd. StockNews.com began coverage on shares of Gentex in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, BNP Paribas started coverage on shares of Gentex in a research report on Monday, April 11th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Gentex presently has an average rating of “Buy” and a consensus price target of $33.38.

In related news, CEO Steven R. Downing sold 58,937 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $30.36, for a total transaction of $1,789,327.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Neil Boehm sold 4,500 shares of the business’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $29.24, for a total transaction of $131,580.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,534 shares of company stock worth $3,921,228. Insiders own 0.16% of the company’s stock.

Gentex Profile (Get Rating)

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive Products and Other segments. The company offers 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, automotive suppliers, and various aftermarket and accessory customers.

See Also

Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

Receive News & Ratings for Gentex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex and related companies with MarketBeat.com's FREE daily email newsletter.