Gentex (NASDAQ:GNTX) CFO Kevin Nash Sells 11,885 Shares of Stock

Gentex Corporation (NASDAQ:GNTX) CFO Kevin Nash sold 11,885 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $24.98, for a total transaction of $296,887.30. Following the sale, the chief financial officer directly owned 59,430 shares in the company, valued at $1,484,561.40. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gentex Price Performance

Shares of NASDAQ:GNTX traded down $0.14 during trading on Friday, reaching $23.83. 444,861 shares of the company’s stock traded hands, compared to its average volume of 2,544,083. Gentex Corporation has a 12 month low of $20.28 and a 12 month high of $29.38. The company has a 50 day moving average of $23.91 and a 200-day moving average of $25.19. The stock has a market capitalization of $5.22 billion, a P/E ratio of 13.71 and a beta of 0.78.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, January 30th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. Gentex had a net margin of 15.19% and a return on equity of 16.05%. The firm had revenue of $644.40 million for the quarter, compared to analysts’ expectations of $650.90 million. During the same quarter last year, the company posted $0.39 earnings per share. Gentex’s revenue was up 19.0% on a year-over-year basis. Equities research analysts predict that Gentex Corporation will post 2.04 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, January 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. Gentex’s payout ratio is currently 27.59%.

Analyst Ratings Changes

Several equities research analysts have weighed in on GNTX shares. Robert W. Baird set a $26.00 target price on Gentex in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gentex in a report on Thursday, January 22nd. The Goldman Sachs Group set a $27.00 target price on shares of Gentex and gave the company a “neutral” rating in a research note on Monday, October 27th. UBS Group set a $25.00 price target on shares of Gentex in a research note on Monday, February 2nd. Finally, B. Riley Financial cut their price target on Gentex from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gentex has a consensus rating of “Hold” and a consensus price target of $26.71.

Institutional Trading of Gentex

Institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB bought a new position in Gentex during the third quarter valued at about $6,422,000. Deprince Race & Zollo Inc. acquired a new stake in Gentex in the 3rd quarter valued at about $26,283,000. Cidel Asset Management Inc. lifted its holdings in Gentex by 13.7% in the 3rd quarter. Cidel Asset Management Inc. now owns 450,780 shares of the auto parts company’s stock valued at $12,757,000 after acquiring an additional 54,328 shares during the last quarter. Global Alpha Capital Management Ltd. bought a new position in shares of Gentex during the 2nd quarter valued at about $19,318,000. Finally, Jump Financial LLC grew its stake in shares of Gentex by 37.3% in the 2nd quarter. Jump Financial LLC now owns 224,065 shares of the auto parts company’s stock worth $4,927,000 after purchasing an additional 60,827 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

About Gentex

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).