Values First Advisors Inc. Lowers Stock Position in Gentex Co. (NASDAQ:GNTX)

Values First Advisors Inc. lessened its stake in Gentex Co. (NASDAQ:GNTX) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,434 shares of the auto parts company’s stock after selling 399 shares during the period. Values First Advisors Inc.’s holdings in Gentex were worth $1,586,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Gentex during the second quarter worth about $31,000. Gladius Capital Management LP bought a new stake in Gentex in the 2nd quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its position in Gentex by 173.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after buying an additional 850 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Gentex by 227.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,269 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in Gentex during the second quarter valued at approximately $67,000. Institutional investors own 86.76% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Corp Gentex purchased 3,152,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the transaction, the insider now directly owns 6,463,808 shares in the company, valued at $32,319,040. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

Gentex Trading Up 0.5 %

Shares of GNTX opened at $29.66 on Friday. Gentex Co. has a 1-year low of $27.86 and a 1-year high of $37.58. The firm’s 50-day moving average price is $29.90 and its 200-day moving average price is $32.27. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.95 and a beta of 0.92.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, July 26th. The auto parts company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.15). Gentex had a return on equity of 17.78% and a net margin of 17.87%. The firm had revenue of $572.93 million during the quarter, compared to analysts’ expectations of $623.28 million. On average, research analysts forecast that Gentex Co. will post 1.96 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%. Gentex’s dividend payout ratio (DPR) is currently 25.40%.

Analysts Set New Price Targets

GNTX has been the subject of a number of research reports. BNP Paribas cut shares of Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Tuesday, July 30th. Bank of America cut their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. decreased their price objective on Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. B. Riley dropped their target price on Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, StockNews.com cut Gentex from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.13.

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.