Gentex Co. (NASDAQ:GNTX) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Gentex Co. (NASDAQ:GNTXFree Report) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,661 shares of the auto parts company’s stock after selling 22,769 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Gentex were worth $1,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its position in Gentex by 159.1% during the fourth quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 571 shares during the last quarter. VisionPoint Advisory Group LLC raised its position in shares of Gentex by 123.6% in the third quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock valued at $39,000 after buying an additional 665 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Gentex in the fourth quarter valued at approximately $46,000. Global Retirement Partners LLC raised its position in shares of Gentex by 371.3% in the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock valued at $89,000 after buying an additional 2,157 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Gentex by 283.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,066 shares of the auto parts company’s stock valued at $100,000 after buying an additional 2,266 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GNTX shares. B. Riley boosted their price objective on shares of Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Guggenheim boosted their price objective on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Finally, The Goldman Sachs Group boosted their target price on shares of Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.83.

View Our Latest Stock Report on Gentex

Gentex Stock Performance

Gentex stock opened at $34.30 on Thursday. Gentex Co. has a 1 year low of $25.86 and a 1 year high of $37.58. The firm has a 50 day moving average price of $35.08 and a 200 day moving average price of $33.65. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.96 and a beta of 0.98.

Gentex (NASDAQ:GNTXGet Free Report) last released its quarterly earnings data on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Gentex had a return on equity of 19.19% and a net margin of 18.77%. The business had revenue of $590.23 million for the quarter, compared to analysts’ expectations of $600.38 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Gentex’s quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts predict that Gentex Co. will post 2.11 EPS for the current year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.48 annualized dividend and a yield of 1.40%. Gentex’s dividend payout ratio is currently 25.40%.

Insiders Place Their Bets

In other Gentex news, Director Joseph B. Anderson, Jr. sold 4,716 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $34.46, for a total transaction of $162,513.36. Following the completion of the sale, the director now directly owns 3,764 shares in the company, valued at $129,707.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Gentex Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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