Gentex Corporation $GNTX Stock Holdings Raised by Skylands Capital LLC

Skylands Capital LLC increased its stake in shares of Gentex Corporation (NASDAQ:GNTX) by 230.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,800 shares of the auto parts company’s stock after purchasing an additional 31,250 shares during the quarter. Skylands Capital LLC’s holdings in Gentex were worth $974,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GNTX. XXEC Inc. bought a new position in Gentex in the second quarter worth about $7,705,220,000. BlackRock Inc. bought a new stake in shares of Gentex in the 2nd quarter valued at about $550,287,000. Dimensional Fund Advisors LP boosted its holdings in shares of Gentex by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,463,299 shares of the auto parts company’s stock valued at $163,067,000 after buying an additional 833,919 shares in the last quarter. Caisse de depot et placement du Quebec purchased a new position in shares of Gentex in the 2nd quarter worth approximately $79,924,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Gentex by 21.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,995,044 shares of the auto parts company’s stock worth $65,442,000 after purchasing an additional 534,905 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Analysts Set New Price Targets

GNTX has been the topic of a number of research analyst reports. Wall Street Zen lowered Gentex from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Freedom Capital lowered Gentex from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Weiss Ratings cut Gentex from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. UBS Group dropped their price target on Gentex from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Finally, The Goldman Sachs Group downgraded Gentex from a “neutral” rating to a “sell” rating and dropped their price target for the company from $23.00 to $20.00 in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.20.

Gentex Trading Down 1.2%

Shares of NASDAQ:GNTX opened at $21.00 on Thursday. Gentex Corporation has a twelve month low of $20.48 and a twelve month high of $26.96. The company’s 50 day moving average is $22.36 and its 200 day moving average is $23.30. The company has a market cap of $4.47 billion, a PE ratio of 11.11 and a beta of 0.86.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, July 24th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Gentex had a net margin of 15.50% and a return on equity of 16.78%. The company had revenue of $651.30 million during the quarter, compared to analyst estimates of $669.65 million. During the same period last year, the firm posted $0.43 EPS. Gentex’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts predict that Gentex Corporation will post 2.06 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Wednesday, October 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, October 7th. Gentex’s dividend payout ratio (DPR) is 25.40%.

Gentex Company Profile

Gentex Corporation (NASDAQ:GNTX) is a technology manufacturer headquartered in Zeeland, Michigan. Founded in 1974, the company develops products primarily for the automotive industry, along with selected applications in the aerospace and fire-protection markets.

Gentex is best known for its automatic-dimming rearview and side-view mirrors, which use electrochromic technology to reduce glare. Its automotive product portfolio also includes camera-based driver-assistance systems, digital vision and sensing technologies, connected-car products, overhead console systems, and HomeLink universal garage-door and home-control systems.