Everpar Advisors LLC Purchases New Holdings in Gentex Co. (NASDAQ:GNTX)

Everpar Advisors LLC purchased a new stake in Gentex Co. (NASDAQ:GNTX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,111 shares of the auto parts company’s stock, valued at approximately $330,000.

Several other hedge funds have also made changes to their positions in GNTX. National Bank of Canada FI lifted its position in shares of Gentex by 159.1% in the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 571 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in Gentex by 123.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock worth $39,000 after buying an additional 665 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Gentex in the 4th quarter worth approximately $46,000. Global Retirement Partners LLC lifted its position in Gentex by 371.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock worth $89,000 after buying an additional 2,157 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Gentex by 283.3% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,066 shares of the auto parts company’s stock worth $100,000 after buying an additional 2,266 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Stock Up 0.6 %

Shares of GNTX traded up $0.20 during mid-day trading on Wednesday, hitting $34.86. 1,413,204 shares of the company’s stock were exchanged, compared to its average volume of 1,428,140. The firm has a fifty day moving average of $35.46 and a two-hundred day moving average of $33.28. Gentex Co. has a twelve month low of $25.86 and a twelve month high of $37.58. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 0.75 and a beta of 0.98.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Gentex had a net margin of 18.77% and a return on equity of 19.19%. The firm had revenue of $590.23 million during the quarter, compared to analyst estimates of $600.38 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Gentex Co. will post 2.11 earnings per share for the current year.

Gentex Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Activity at Gentex

In related news, CFO Kevin C. Nash sold 13,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the transaction, the chief financial officer now directly owns 44,321 shares in the company, valued at approximately $1,464,365.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by company insiders.

Gentex Company 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.