180 Wealth Advisors LLC boosted its position in Gentex Co. (NASDAQ:GNTX) by 16.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 35,700 shares of the auto parts company’s stock after purchasing an additional 4,922 shares during the period. 180 Wealth Advisors LLC’s holdings in Gentex were worth $944,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. 6 Meridian bought a new stake in Gentex in the 3rd quarter worth about $547,000. Cascade Investment Advisors Inc. grew its position in Gentex by 1.6% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 44,550 shares of the auto parts company’s stock worth $1,227,000 after purchasing an additional 700 shares in the last quarter. Whittier Trust Co. grew its position in shares of Gentex by 1.0% during the 3rd quarter. Whittier Trust Co. now owns 89,080 shares of the auto parts company’s stock valued at $2,452,000 after acquiring an additional 900 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Gentex by 18.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 17,293 shares of the auto parts company’s stock valued at $476,000 after acquiring an additional 2,697 shares during the period. Finally, Sigma Investment Counselors Inc. grew its position in shares of Gentex by 3.4% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 94,469 shares of the auto parts company’s stock valued at $2,601,000 after acquiring an additional 3,077 shares during the period. 80.85% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the stock. Longbow Research reissued a “hold” rating on shares of Gentex in a research report on Sunday, July 7th. B. Riley increased their target price on shares of Gentex from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Monday. ValuEngine downgraded shares of Gentex from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Guggenheim assumed coverage on shares of Gentex in a research report on Tuesday, October 15th. They set a “buy” rating and a $29.00 target price for the company. Finally, BidaskClub raised shares of Gentex from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.94.
In related news, CTO Neil Boehm sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $27.49, for a total value of $219,920.00. Following the completion of the transaction, the chief technology officer now directly owns 25,894 shares of the company’s stock, valued at approximately $711,826.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Roger Perry Campbell sold 1,500 shares of the firm’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. Over the last ninety days, insiders sold 29,086 shares of company stock valued at $894,954. 0.37% of the stock is owned by insiders.
Gentex stock opened at $27.66 on Wednesday. Gentex Co. has a twelve month low of $19.24 and a twelve month high of $28.91. The firm has a 50 day moving average price of $27.24 and a 200-day moving average price of $24.87. The company has a market capitalization of $7.00 billion, a P/E ratio of 16.45, a P/E/G ratio of 3.31 and a beta of 1.22.
Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, October 18th. The auto parts company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $477.76 million during the quarter, compared to the consensus estimate of $475.59 million. Gentex had a net margin of 23.09% and a return on equity of 22.87%. Gentex’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. As a group, research analysts expect that Gentex Co. will post 1.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, October 8th. Gentex’s dividend payout ratio (DPR) is presently 28.40%.
Gentex Company 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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