Gentex Co. (NASDAQ:GNTX) Shares Acquired by Marshall Financial Group LLC

Marshall Financial Group LLC grew its stake in Gentex Co. (NASDAQ:GNTX) by 9.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,314 shares of the auto parts company’s stock after buying an additional 2,478 shares during the period. Marshall Financial Group LLC’s holdings in Gentex were worth $1,059,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GNTX. Envestnet Asset Management Inc. boosted its stake in Gentex by 13.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 116,025 shares of the auto parts company’s stock worth $3,775,000 after purchasing an additional 13,449 shares during the period. Mariner LLC boosted its stake in Gentex by 9.4% during the 3rd quarter. Mariner LLC now owns 24,362 shares of the auto parts company’s stock worth $793,000 after purchasing an additional 2,088 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Gentex during the 3rd quarter worth $264,000. Treasurer of the State of North Carolina boosted its stake in Gentex by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 106,227 shares of the auto parts company’s stock worth $3,457,000 after purchasing an additional 543 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Gentex by 17.8% during the 3rd quarter. Toronto Dominion Bank now owns 42,436 shares of the auto parts company’s stock worth $1,381,000 after purchasing an additional 6,420 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Trading Down 0.1 %

Shares of GNTX traded down $0.03 during trading hours on Thursday, reaching $33.77. The company had a trading volume of 842,836 shares, compared to its average volume of 1,581,716. The firm has a 50 day simple moving average of $34.32 and a 200-day simple moving average of $34.38. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 0.95 and a beta of 0.93. Gentex Co. has a 12-month low of $27.86 and a 12-month high of $37.58.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $590.23 million during the quarter, compared to analysts’ expectations of $600.38 million. Gentex had a net margin of 18.77% and a return on equity of 19.19%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. Sell-side analysts forecast that Gentex Co. will post 2.11 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, July 5th will be issued a $0.12 dividend. The ex-dividend date is Friday, July 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. Gentex’s dividend payout ratio is presently 25.40%.

Insider Activity

In other news, Director Joseph B. Anderson, Jr. sold 4,716 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $34.46, for a total value of $162,513.36. Following the completion of the transaction, the director now owns 3,764 shares in the company, valued at approximately $129,707.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GNTX. Guggenheim increased their price target on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. B. Riley upped their price objective on shares of Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, June 16th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.83.

Gentex Profile

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.