Gentex (NASDAQ:GNTX) Director Richard Schaum Sells 4,815 Shares

Gentex Corporation (NASDAQ:GNTX) Director Richard Schaum sold 4,815 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $23.31, for a total value of $112,237.65. Following the transaction, the director owned 81,443 shares in the company, valued at approximately $1,898,436.33. This represents a 5.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $23.11 on Friday. The stock’s 50-day moving average is $22.25 and its 200 day moving average is $23.28. The company has a market cap of $4.94 billion, a PE ratio of 12.98 and a beta of 0.77. Gentex Corporation has a 1 year low of $20.48 and a 1 year high of $29.38.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $675.44 million for the quarter, compared to the consensus estimate of $649.42 million. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. Analysts expect that Gentex Corporation will post 1.92 EPS for the current fiscal year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, April 8th. Gentex’s payout ratio is presently 26.97%.

Analyst Upgrades and Downgrades

GNTX has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. UBS Group set a $26.00 price objective on shares of Gentex in a research report on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Gentex in a research report on Thursday, January 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Freedom Capital raised shares of Gentex to a “strong-buy” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Gentex currently has a consensus rating of “Hold” and an average price target of $26.67.

Institutional Trading of Gentex

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Gentex in the 3rd quarter worth about $38,000. Clearstead Advisors LLC grew its position in shares of Gentex by 82.3% in the 3rd quarter. Clearstead Advisors LLC now owns 2,042 shares of the auto parts company’s stock worth $58,000 after buying an additional 922 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Gentex by 2,420.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock worth $58,000 after buying an additional 1,985 shares during the period. Arax Advisory Partners purchased a new stake in shares of Gentex in the 4th quarter worth about $52,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of Gentex in the 3rd quarter worth about $65,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Company 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).