Yousif Capital Management LLC Sells 322 Shares of Gentex Co. (NASDAQ:GNTX)

Yousif Capital Management LLC reduced its position in Gentex Co. (NASDAQ:GNTX) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 112,552 shares of the auto parts company’s stock after selling 322 shares during the period. Yousif Capital Management LLC’s holdings in Gentex were worth $3,676,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GNTX. Wellington Management Group LLP lifted its stake in shares of Gentex by 95.4% during the 3rd quarter. Wellington Management Group LLP now owns 6,823,022 shares of the auto parts company’s stock worth $222,021,000 after acquiring an additional 3,330,502 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Gentex by 110.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 375,336 shares of the auto parts company’s stock valued at $12,356,000 after purchasing an additional 196,718 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Gentex by 66.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 250,000 shares of the auto parts company’s stock worth $8,135,000 after purchasing an additional 100,000 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Gentex by 10.7% in the fourth quarter. Reinhart Partners LLC. now owns 979,355 shares of the auto parts company’s stock worth $31,986,000 after purchasing an additional 94,794 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Gentex by 18.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 593,791 shares of the auto parts company’s stock valued at $19,322,000 after buying an additional 94,200 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Guggenheim raised their price objective on Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. B. Riley upped their target price on Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. The Goldman Sachs Group raised their price target on Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Gentex currently has an average rating of “Moderate Buy” and an average price target of $37.83.

Gentex Trading Up 0.2 %

Shares of NASDAQ:GNTX opened at $34.71 on Friday. The company has a market capitalization of $8.03 billion, a PE ratio of 18.37, a P/E/G ratio of 0.73 and a beta of 0.99. Gentex Co. has a 12-month low of $25.85 and a 12-month high of $37.58. The business’s fifty day simple moving average is $35.67 and its 200-day simple moving average is $33.09.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, April 26th. The auto parts company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The business had revenue of $590.23 million during the quarter, compared to the consensus estimate of $600.38 million. During the same period in the previous year, the company posted $0.42 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Research analysts predict that Gentex Co. will post 2.17 EPS for the current year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, April 4th. Gentex’s dividend payout ratio is currently 25.40%.

Insider Transactions at Gentex

In related news, Director Richard O. Schaum sold 6,022 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.93, for a total transaction of $204,326.46. Following the transaction, the director now directly owns 62,555 shares in the company, valued at approximately $2,122,491.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Richard O. Schaum sold 6,022 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the transaction, the director now owns 62,555 shares in the company, valued at $2,122,491.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin C. Nash sold 13,500 shares of Gentex stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total transaction of $446,040.00. Following the completion of the sale, the chief financial officer now owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

About Gentex

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.