Cambient Family Office LLC Invests $666,000 in Gentex Corporation $GNTX

Cambient Family Office LLC bought a new position in shares of Gentex Corporation (NASDAQ:GNTX) during the fourth quarter, Holdings Channel.com reports. The fund bought 28,633 shares of the auto parts company’s stock, valued at approximately $666,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its holdings in Gentex by 21.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,479 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 437 shares in the last quarter. Gagnon Securities LLC increased its position in shares of Gentex by 0.8% in the 4th quarter. Gagnon Securities LLC now owns 55,672 shares of the auto parts company’s stock valued at $1,295,000 after purchasing an additional 458 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Gentex by 1.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 29,807 shares of the auto parts company’s stock valued at $694,000 after purchasing an additional 559 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Gentex by 4.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,025 shares of the auto parts company’s stock valued at $286,000 after purchasing an additional 562 shares in the last quarter. Finally, Merit Financial Group LLC lifted its position in shares of Gentex by 2.1% during the 4th quarter. Merit Financial Group LLC now owns 30,641 shares of the auto parts company’s stock worth $713,000 after purchasing an additional 635 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Trading Up 2.2%

Shares of Gentex stock opened at $25.95 on Friday. The company has a fifty day simple moving average of $23.63 and a 200-day simple moving average of $23.33. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 14.58 and a beta of 0.79. Gentex Corporation has a 12-month low of $20.48 and a 12-month high of $29.38.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, April 24th. The auto parts company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The firm had revenue of $675.44 million for the quarter, compared to analyst estimates of $649.42 million. During the same period last year, the business earned $0.42 EPS. Gentex’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, analysts forecast that Gentex Corporation will post 1.96 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, July 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. Gentex’s payout ratio is 26.97%.

Analyst Ratings Changes

A number of equities analysts recently commented on GNTX shares. Robert W. Baird boosted their target price on shares of Gentex from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. UBS Group set a $26.00 price target on Gentex in a report on Sunday, April 26th. Wall Street Zen cut Gentex from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. B. Riley Financial reiterated a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Gentex in a report on Monday, April 27th. Finally, Freedom Capital raised Gentex to a “strong-buy” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.83.

Insider Transactions at Gentex

In other Gentex news, Director Brian C. Walker sold 5,939 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $22.98, for a total value of $136,478.22. Following the completion of the sale, the director owned 24,205 shares of the company’s stock, valued at approximately $556,230.90. This trade represents a 19.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard O. Schaum sold 4,815 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $23.31, for a total transaction of $112,237.65. Following the sale, the director owned 81,443 shares in the company, valued at $1,898,436.33. The trade was a 5.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 16,693 shares of company stock worth $385,194. Corporate insiders own 0.55% of the company’s stock.

Gentex Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).