Public Employees Retirement System of Ohio Reduces Position in Gentex Co. (NASDAQ:GNTX)

Public Employees Retirement System of Ohio decreased its position in Gentex Co. (NASDAQ:GNTX) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,155 shares of the auto parts company’s stock after selling 5,286 shares during the period. Public Employees Retirement System of Ohio’s holdings in Gentex were worth $3,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in shares of Gentex in the fourth quarter worth about $29,000. National Bank of Canada FI raised its position in Gentex by 159.1% during the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock worth $30,000 after buying an additional 571 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Gentex during the 4th quarter valued at approximately $46,000. Global Retirement Partners LLC lifted its stake in Gentex by 371.3% during the 4th quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock valued at $89,000 after acquiring an additional 2,157 shares during the period. Finally, LRI Investments LLC purchased a new stake in shares of Gentex in the 1st quarter valued at $93,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Insider Activity at Gentex

In other Gentex news, Director Joseph B. Anderson, Jr. sold 4,716 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $34.46, for a total transaction of $162,513.36. Following the completion of the transaction, the director now directly owns 3,764 shares in the company, valued at $129,707.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Gentex Trading Up 0.5 %

Shares of GNTX stock opened at $31.06 on Thursday. Gentex Co. has a 12-month low of $27.86 and a 12-month high of $37.58. The business’s 50 day moving average is $33.78 and its two-hundred day moving average is $34.51. The company has a market capitalization of $7.18 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.93 and a beta of 0.93.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Friday, July 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.55%. Gentex’s dividend payout ratio (DPR) is 25.40%.

Analyst Ratings Changes

Several research analysts recently issued reports on GNTX shares. B. Riley reduced their target price on shares of Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. decreased their price objective on Gentex from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Robert W. Baird dropped their target price on Gentex from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday. BNP Paribas downgraded Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 price target for the company. in a report on Tuesday. Finally, StockNews.com cut shares of Gentex from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Gentex currently has a consensus rating of “Hold” and an average price target of $37.33.

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.