Gentex Co. (NASDAQ:GNTX) Shares Purchased by Bokf Na

Bokf Na boosted its holdings in Gentex Co. (NASDAQ:GNTX) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,053 shares of the auto parts company’s stock after buying an additional 928 shares during the period. Bokf Na’s holdings in Gentex were worth $1,086,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Gentex by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 22,280,716 shares of the auto parts company’s stock worth $727,688,000 after purchasing an additional 163,373 shares during the period. Wellington Management Group LLP boosted its stake in shares of Gentex by 27.9% in the fourth quarter. Wellington Management Group LLP now owns 8,728,378 shares of the auto parts company’s stock valued at $285,069,000 after purchasing an additional 1,905,356 shares during the period. TD Asset Management Inc boosted its stake in shares of Gentex by 41.2% in the first quarter. TD Asset Management Inc now owns 4,677,655 shares of the auto parts company’s stock valued at $168,957,000 after purchasing an additional 1,363,898 shares during the period. Burgundy Asset Management Ltd. boosted its stake in shares of Gentex by 1.2% in the first quarter. Burgundy Asset Management Ltd. now owns 4,217,464 shares of the auto parts company’s stock valued at $152,335,000 after purchasing an additional 48,435 shares during the period. Finally, Epoch Investment Partners Inc. boosted its stake in Gentex by 32.6% during the 1st quarter. Epoch Investment Partners Inc. now owns 2,963,250 shares of the auto parts company’s stock valued at $107,033,000 after acquiring an additional 727,913 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on GNTX. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Guggenheim raised their price objective on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. StockNews.com cut shares of Gentex from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Finally, Robert W. Baird reduced their price target on shares of Gentex from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.60.

Gentex Stock Down 0.8 %

GNTX traded down $0.24 during trading on Monday, reaching $30.96. 331,823 shares of the company’s stock were exchanged, compared to its average volume of 1,390,767. Gentex Co. has a fifty-two week low of $27.86 and a fifty-two week high of $37.58. The business has a 50 day moving average price of $33.97 and a 200 day moving average price of $34.56. The company has a market capitalization of $7.16 billion, a P/E ratio of 16.51, a PEG ratio of 0.90 and a beta of 0.93.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Gentex had a return on equity of 17.78% and a net margin of 17.87%. The business had revenue of $590.23 million for the quarter, compared to analyst estimates of $600.38 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts forecast that Gentex Co. will post 2.09 EPS for the current year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, July 5th were paid a $0.12 dividend. The ex-dividend date was Friday, July 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.55%. Gentex’s dividend payout ratio is presently 25.40%.

Insider Activity

In related news, Director Joseph B. Anderson, Jr. sold 4,716 shares of Gentex stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $34.46, for a total value of $162,513.36. Following the completion of the transaction, the director now directly owns 3,764 shares of the company’s stock, valued at $129,707.44. 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 owned by corporate insiders.

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.