Gentex Co. (NASDAQ:GNTX) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its position in Gentex Co. (NASDAQ:GNTXGet Rating) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,760 shares of the auto parts company’s stock after purchasing an additional 5,700 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.09% of Gentex worth $7,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ceredex Value Advisors LLC raised its holdings in shares of Gentex by 24.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 4,264,938 shares of the auto parts company’s stock valued at $148,633,000 after purchasing an additional 830,321 shares in the last quarter. Cooke & Bieler LP raised its stake in Gentex by 0.6% during the 4th quarter. Cooke & Bieler LP now owns 3,865,907 shares of the auto parts company’s stock worth $134,727,000 after acquiring an additional 22,570 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in Gentex by 0.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 3,713,169 shares of the auto parts company’s stock worth $129,404,000 after acquiring an additional 26,014 shares in the last quarter. Wellington Management Group LLP raised its stake in Gentex by 17.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,442,077 shares of the auto parts company’s stock worth $113,520,000 after acquiring an additional 513,739 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in Gentex by 33.8% during the 4th quarter. TD Asset Management Inc. now owns 2,986,802 shares of the auto parts company’s stock worth $104,090,000 after acquiring an additional 754,905 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.

Shares of NASDAQ:GNTX opened at $29.83 on Monday. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.59 and a beta of 0.89. The firm’s 50-day simple moving average is $28.96 and its 200-day simple moving average is $31.80. Gentex Co. has a fifty-two week low of $27.06 and a fifty-two week high of $37.90.

Gentex (NASDAQ:GNTXGet Rating) last issued its earnings results on Friday, April 22nd. The auto parts company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $468.50 million for the quarter, compared to the consensus estimate of $432.40 million. Gentex had a net margin of 19.52% and a return on equity of 17.46%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. As a group, sell-side analysts forecast that Gentex Co. will post 1.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Investors of record on Friday, April 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, April 7th. Gentex’s dividend payout ratio is currently 34.29%.

GNTX has been the topic of several research analyst reports. BNP Paribas initiated coverage on shares of Gentex in a research note on Monday, April 11th. They set an “outperform” rating on the stock. Robert W. Baird lifted their price target on shares of Gentex from $33.00 to $34.00 in a research note on Monday, April 25th. StockNews.com started coverage on shares of Gentex in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Exane BNP Paribas started coverage on shares of Gentex in a research note on Monday, April 11th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research upgraded shares of Gentex from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research note on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price 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 15,993 shares of Gentex stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $30.36, for a total transaction of $485,547.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,534 shares of company stock worth $3,921,228. 0.16% of the stock is owned by insiders.

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)

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