Greenleaf Trust Acquires 1,610 Shares of Gentex Co. (NASDAQ:GNTX)

Greenleaf Trust raised its holdings in Gentex Co. (NASDAQ:GNTX) by 20.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,466 shares of the auto parts company’s stock after acquiring an additional 1,610 shares during the quarter. Greenleaf Trust’s holdings in Gentex were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of GNTX. CWM LLC grew its position in Gentex by 15.2% in the 3rd quarter. CWM LLC now owns 10,697 shares of the auto parts company’s stock valued at $348,000 after acquiring an additional 1,409 shares during the last quarter. SG Americas Securities LLC grew its position in Gentex by 149.7% in the 3rd quarter. SG Americas Securities LLC now owns 60,315 shares of the auto parts company’s stock valued at $1,963,000 after acquiring an additional 36,159 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Gentex by 0.6% in the 3rd quarter. GHP Investment Advisors Inc. now owns 170,996 shares of the auto parts company’s stock valued at $5,308,000 after acquiring an additional 1,056 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Gentex in the 3rd quarter valued at $119,000. Finally, Oak Thistle LLC bought a new position in Gentex in the 3rd quarter valued at $883,000. Institutional investors own 86.76% of the company’s stock.

Gentex Price Performance

Shares of GNTX stock opened at $34.66 on Wednesday. Gentex Co. has a 1-year low of $25.85 and a 1-year high of $37.58. The stock’s 50-day moving average is $35.68 and its 200 day moving average is $33.04. The company has a market cap of $8.02 billion, a P/E ratio of 18.84, a PEG ratio of 0.72 and a beta of 0.99.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Gentex had a return on equity of 19.25% and a net margin of 18.63%. The company had revenue of $589.13 million for the quarter, compared to the consensus estimate of $563.42 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, analysts anticipate that Gentex Co. will post 2.16 EPS for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex’s payout ratio is currently 26.09%.

Insider Activity at Gentex

In other Gentex news, Director Richard O. Schaum sold 6,022 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.93, for a total value of $204,326.46. Following the completion of the sale, the director now directly owns 62,555 shares in the company, valued at $2,122,491.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the sale, the chief financial officer now directly owns 44,321 shares in the company, valued at $1,464,365.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard O. Schaum sold 6,022 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.93, for a total value of $204,326.46. Following the completion of the sale, the director now owns 62,555 shares of the company’s stock, valued at $2,122,491.15. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GNTX has been the topic of several research analyst reports. B. Riley upped their price objective on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group increased their price target on Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. increased their price target on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. StockNews.com raised Gentex from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Guggenheim increased their price target on Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Gentex has an average rating of “Moderate Buy” and an average target price of $37.83.

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.