Gentex Co. (NASDAQ:GNTX) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC reduced its stake in shares of Gentex Co. (NASDAQ:GNTX) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,030 shares of the auto parts company’s stock after selling 425 shares during the period. Uncommon Cents Investing LLC’s holdings in Gentex were worth $850,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Synovus Financial Corp raised its stake in shares of Gentex by 1.7% in the 3rd quarter. Synovus Financial Corp now owns 20,068 shares of the auto parts company’s stock valued at $653,000 after purchasing an additional 333 shares in the last quarter. Wahed Invest LLC lifted its holdings in shares of Gentex by 12.1% in the second quarter. Wahed Invest LLC now owns 3,401 shares of the auto parts company’s stock valued at $100,000 after buying an additional 368 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Gentex by 0.5% during the third quarter. Commonwealth Equity Services LLC now owns 72,087 shares of the auto parts company’s stock worth $1,718,000 after purchasing an additional 380 shares during the period. Blair William & Co. IL raised its position in Gentex by 5.2% during the first quarter. Blair William & Co. IL now owns 8,095 shares of the auto parts company’s stock valued at $227,000 after buying an additional 400 shares during the period. Finally, Lincoln National Corp increased its position in Gentex by 2.3% in the 3rd quarter. Lincoln National Corp now owns 17,940 shares of the auto parts company’s stock worth $584,000 after purchasing an additional 411 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Stock Performance

GNTX stock traded down $0.19 during midday trading on Thursday, hitting $36.12. 1,178,940 shares of the company’s stock were exchanged, compared to its average volume of 1,454,666. The stock’s fifty day moving average price is $35.14 and its 200-day moving average price is $32.63. The company has a market cap of $8.36 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. Gentex Co. has a one year low of $25.85 and a one year high of $37.58.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $589.13 million for the quarter, compared to analyst estimates of $563.42 million. Gentex had a return on equity of 19.25% and a net margin of 18.63%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. On average, analysts expect that Gentex Co. will post 2.16 EPS for the current year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, April 5th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, April 4th. Gentex’s dividend payout ratio is currently 26.09%.

Wall Street Analysts Forecast Growth

GNTX has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price target on Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. StockNews.com raised Gentex from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Guggenheim raised their price target on Gentex from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. increased their price objective on Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Finally, B. Riley raised their price target on Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Insider Activity at Gentex

In related news, CFO Kevin C. Nash sold 13,500 shares of Gentex stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the sale, the chief financial officer now owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Richard O. Schaum sold 6,022 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 62,555 shares in the company, valued at $2,122,491.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kevin C. Nash sold 13,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the sale, the chief financial officer now owns 44,321 shares of the company’s stock, valued at approximately $1,464,365.84. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.

Gentex Profile

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.