Gentex Co. (GNTX) Shares Obtained by Parametric Portfolio Associates LLC

Gentex Co. (GNTX) Shares Obtained by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC boosted its stake in Gentex Co. (NASDAQ:GNTX) by 16.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 494,614 shares of the auto parts company’s stock after buying an additional 69,001 shares during the period. Parametric Portfolio Associates LLC’s holdings in Gentex were worth $10,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. increased its position in Gentex by 4.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 11,796,265 shares of the auto parts company’s stock valued at $232,268,000 after buying an additional 452,614 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Gentex by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,734,680 shares of the auto parts company’s stock valued at $73,540,000 after buying an additional 286,623 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Gentex by 3.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 129,579 shares of the auto parts company’s stock valued at $2,551,000 after buying an additional 4,022 shares during the last quarter. Farr Miller & Washington LLC DC increased its position in shares of Gentex by 0.7% in the fourth quarter. Farr Miller & Washington LLC DC now owns 13,687 shares of the auto parts company’s stock valued at $269,000 after buying an additional 89 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its position in shares of Gentex by 17.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 597,252 shares of the auto parts company’s stock valued at $11,759,000 after buying an additional 90,299 shares during the last quarter. 83.86% of the stock is owned by institutional investors and hedge funds.

Gentex Co. (NASDAQ:GNTX) opened at 19.20 on Monday. Gentex Co. has a 52 week low of $14.66 and a 52 week high of $22.12. The company has a 50-day moving average of $19.75 and a 200 day moving average of $20.22. The firm has a market cap of $5.52 billion, a P/E ratio of 15.48 and a beta of 0.96.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, April 21st. The auto parts company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $453.54 million during the quarter, compared to analyst estimates of $444.92 million. Gentex had a return on equity of 19.05% and a net margin of 20.70%. Gentex’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS. On average, equities analysts predict that Gentex Co. will post $1.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 19th. Investors of record on Thursday, July 6th will be paid a $0.10 dividend. This is an increase from Gentex’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Monday, July 3rd. Gentex’s dividend payout ratio is currently 29.75%.

Several research analysts recently weighed in on GNTX shares. Zacks Investment Research raised shares of Gentex from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, April 26th. Wellington Shields downgraded shares of Gentex from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, BMO Capital Markets reissued a “positive” rating and issued a $25.00 target price on shares of Gentex in a research note on Friday, March 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Gentex presently has an average rating of “Buy” and an average target price of $23.10.

In other news, insider Kevin C. Nash sold 1,694 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $20.65, for a total transaction of $34,981.10. Following the completion of the sale, the insider now directly owns 36,746 shares of the company’s stock, valued at approximately $758,804.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Mulder sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $21.28, for a total value of $212,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,610 shares of company stock valued at $947,029. Company insiders own 2.90% of the company’s stock.

Gentex 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GNTX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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