Motley Fool Wealth Management LLC cut its position in Gentex Co. (NASDAQ:GNTX) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 508,613 shares of the auto parts company’s stock after selling 8,351 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Gentex were worth $10,518,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Bremer Trust National Association purchased a new position in shares of Gentex in the fourth quarter valued at $25,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Gentex in the fourth quarter valued at $27,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Gentex in the first quarter valued at $27,000. Lindbrook Capital LLC purchased a new position in shares of Gentex in the fourth quarter valued at $32,000. Finally, Dubuque Bank & Trust Co. purchased a new position in shares of Gentex in the first quarter valued at $33,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
NASDAQ GNTX opened at $22.19 on Friday. Gentex Co. has a 12 month low of $17.80 and a 12 month high of $25.41. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 2.24 and a beta of 1.14.
Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Wednesday, April 24th. The auto parts company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. Gentex had a net margin of 23.45% and a return on equity of 23.03%. The firm had revenue of $468.60 million for the quarter, compared to the consensus estimate of $463.79 million. During the same period in the prior year, the firm posted $0.40 EPS. The firm’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that Gentex Co. will post 1.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a $0.115 dividend. This is an increase from Gentex’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Tuesday, April 9th. Gentex’s dividend payout ratio (DPR) is presently 28.40%.
In other news, Director Gary F. Goode sold 5,045 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $23.20, for a total value of $117,044.00. Following the transaction, the director now directly owns 21,045 shares in the company, valued at approximately $488,244. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Neil Boehm sold 2,686 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.82, for a total transaction of $55,922.52. Following the completion of the transaction, the insider now owns 42,883 shares in the company, valued at $892,824.06. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,009 shares of company stock worth $35,318 and sold 10,731 shares worth $235,427. Company insiders own 0.37% of the company’s stock.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Gentex from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday. BidaskClub downgraded shares of Gentex from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. ValuEngine upgraded shares of Gentex from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Longbow Research downgraded shares of Gentex from a “buy” rating to a “neutral” rating and set a $20.65 price objective on the stock. in a research note on Tuesday, February 5th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Gentex in a research note on Wednesday, January 30th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.28.
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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