NEXT Financial Group Inc Has $176,000 Stock Holdings in Gentex Co. (NASDAQ:GNTX)

NEXT Financial Group Inc grew its holdings in Gentex Co. (NASDAQ:GNTX) by 17.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,413 shares of the auto parts company’s stock after buying an additional 962 shares during the quarter. NEXT Financial Group Inc’s holdings in Gentex were worth $176,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in shares of Gentex by 4.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 35,250 shares of the auto parts company’s stock valued at $867,000 after buying an additional 1,367 shares in the last quarter. Country Trust Bank raised its stake in shares of Gentex by 1.9% in the 2nd quarter. Country Trust Bank now owns 1,026,687 shares of the auto parts company’s stock valued at $25,267,000 after buying an additional 18,937 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Gentex by 86.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 55,685 shares of the auto parts company’s stock valued at $1,369,000 after buying an additional 25,793 shares in the last quarter. Chesapeake Wealth Management acquired a new position in shares of Gentex in the 2nd quarter valued at $640,000. Finally, LVZ Advisors Inc. raised its stake in shares of Gentex by 812.9% in the 2nd quarter. LVZ Advisors Inc. now owns 10,316 shares of the auto parts company’s stock valued at $254,000 after buying an additional 9,186 shares in the last quarter. Institutional investors own 80.85% of the company’s stock.

Shares of Gentex stock opened at $27.85 on Friday. The stock has a market capitalization of $7.12 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 3.37 and a beta of 1.22. The company has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $24.93. Gentex Co. has a 12-month low of $19.24 and a 12-month high of $28.91.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, October 18th. The auto parts company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $477.76 million during the quarter, compared to analysts’ expectations of $475.59 million. Gentex had a net margin of 23.09% and a return on equity of 22.87%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. On average, equities analysts predict that Gentex Co. will post 1.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, October 8th. Gentex’s dividend payout ratio (DPR) is currently 28.40%.

GNTX has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Gentex from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a research note on Thursday, October 17th. BidaskClub upgraded shares of Gentex from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Longbow Research reiterated a “hold” rating on shares of Gentex in a research report on Sunday, July 7th. B. Riley increased their target price on shares of Gentex from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Guggenheim set a $31.00 target price on shares of Gentex and gave the stock a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Gentex presently has an average rating of “Hold” and an average price target of $27.28.

In other Gentex news, SVP Roger Perry Campbell sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $88.92, for a total value of $133,380.00. Also, Director Gary F. Goode sold 2,586 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $27.60, for a total transaction of $71,373.60. Following the completion of the sale, the director now owns 22,989 shares of the company’s stock, valued at approximately $634,496.40. The disclosure for this sale can be found here. Insiders have sold a total of 29,086 shares of company stock valued at $894,954 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

About Gentex

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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