Blue Trust Inc. Acquires 875 Shares of Gentex Co. (NASDAQ:GNTX)

Blue Trust Inc. lifted its stake in Gentex Co. (NASDAQ:GNTX) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,309 shares of the auto parts company’s stock after buying an additional 875 shares during the period. Blue Trust Inc.’s holdings in Gentex were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GNTX. Quest Partners LLC bought a new position in shares of Gentex in the second quarter worth $31,000. Gladius Capital Management LP bought a new position in Gentex in the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its position in shares of Gentex by 173.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock valued at $42,000 after buying an additional 850 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 1,269 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Gentex during the 2nd quarter worth approximately $67,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GNTX shares. StockNews.com cut Gentex from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. UBS Group started coverage on shares of Gentex in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. B. Riley lowered their price target on shares of Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Robert W. Baird cut their price objective on Gentex from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Gentex presently has an average rating of “Hold” and an average price target of $36.13.

Gentex Stock Up 0.5 %

NASDAQ GNTX opened at $29.52 on Thursday. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.95 and a beta of 0.92. Gentex Co. has a twelve month low of $27.86 and a twelve month high of $37.58. The stock has a fifty day simple moving average of $29.90 and a 200 day simple moving average of $32.27.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, July 26th. The auto parts company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15). Gentex had a return on equity of 17.78% and a net margin of 17.87%. The company had revenue of $572.93 million during the quarter, compared to analyst estimates of $623.28 million. Research analysts expect that Gentex Co. will post 1.96 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, October 9th. Gentex’s dividend payout ratio is currently 25.40%.

Insider Transactions at Gentex

In other Gentex news, major shareholder Corp Gentex bought 3,152,500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the transaction, the insider now directly owns 6,463,808 shares in the company, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Gentex Profile

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, Republic of Korea, 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.