Gentex Co. (GNTX) Shares Sold by Riverbridge Partners LLC

Share on StockTwits

Riverbridge Partners LLC decreased its stake in shares of Gentex Co. (NASDAQ:GNTX) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,056,509 shares of the auto parts company’s stock after selling 706,990 shares during the period. Gentex comprises 1.7% of Riverbridge Partners LLC’s portfolio, making the stock its 16th largest holding. Riverbridge Partners LLC owned about 1.55% of Gentex worth $81,982,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bruderman Asset Management LLC bought a new stake in shares of Gentex during the 2nd quarter valued at $112,000. Jane Street Group LLC purchased a new position in Gentex during the third quarter valued at $296,000. First Hawaiian Bank purchased a new position in Gentex during the third quarter valued at $306,000. Virtu Financial LLC purchased a new position in Gentex during the third quarter valued at $313,000. Finally, Carnegie Capital Asset Management LLC purchased a new position in Gentex during the third quarter valued at $338,000. Institutional investors own 85.93% of the company’s stock.

In related news, General Counsel Scott P. Ryan sold 3,000 shares of Gentex stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $19.88, for a total transaction of $59,640.00. Following the completion of the sale, the general counsel now owns 22,513 shares in the company, valued at approximately $447,558.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 1,167 shares of company stock valued at $23,226 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Shares of GNTX stock traded up $0.11 during trading hours on Monday, reaching $22.17. 52,280 shares of the stock were exchanged, compared to its average volume of 1,843,999. Gentex Co. has a 12-month low of $17.80 and a 12-month high of $25.41. The stock has a market cap of $5.65 billion, a PE ratio of 17.32, a P/E/G ratio of 1.09 and a beta of 1.11.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, October 19th. The auto parts company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Gentex had a net margin of 25.11% and a return on equity of 21.83%. The company had revenue of $460.25 million during the quarter, compared to analyst estimates of $465.51 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Gentex Co. will post 1.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, January 8th. This represents a $0.44 dividend on an annualized basis and a yield of 1.98%. Gentex’s payout ratio is 34.38%.

Several research firms recently weighed in on GNTX. BidaskClub raised shares of Gentex from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research cut shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 7th. KeyCorp started coverage on shares of Gentex in a research note on Monday, December 10th. They issued a “sector weight” rating for the company. Jefferies Financial Group started coverage on shares of Gentex in a research note on Tuesday, December 4th. They issued a “hold” rating and a $24.00 price objective for the company. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Gentex in a research note on Wednesday, November 14th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.11.

COPYRIGHT VIOLATION WARNING: “Gentex Co. (GNTX) Shares Sold by Riverbridge Partners LLC” was originally reported by Zolmax and is owned by of Zolmax. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://zolmax.com/investing/gentex-co-gntx-shares-sold-by-riverbridge-partners-llc/2824379.html.

Gentex Company Profile

Gentex Corporation provides automatic-dimming and non-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 worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features 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.

Featured Article: Certificate of Deposit (CD)

Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

Receive News & Ratings for Gentex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Serabi Gold  Stock Price Up 21.5%
Serabi Gold Stock Price Up 21.5%
JGP Wealth Management LLC Has $2.71 Million Holdings in VF Corp
JGP Wealth Management LLC Has $2.71 Million Holdings in VF Corp
Tenax Therapeutics  Sees Unusually-High Trading Volume
Tenax Therapeutics Sees Unusually-High Trading Volume
KCS Wealth Advisory Grows Holdings in iShares Global Industrials ETF
KCS Wealth Advisory Grows Holdings in iShares Global Industrials ETF
Netflix  PT Set at $421.00 by Sanford C. Bernstein
Netflix PT Set at $421.00 by Sanford C. Bernstein
Insider Selling: Arrowhead Pharmaceuticals Inc  COO Sells 42,666 Shares of Stock
Insider Selling: Arrowhead Pharmaceuticals Inc COO Sells 42,666 Shares of Stock


Leave a Reply

 
© 2006-2019 Zolmax.