111 Capital Invests $744,000 in Gentex Co. (NASDAQ:GNTX)

111 Capital acquired a new position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 25,903 shares of the auto parts company's stock, valued at approximately $744,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn FI LLC purchased a new stake in Gentex in the fourth quarter valued at $278,000. Forum Financial Management LP purchased a new stake in Gentex in the fourth quarter valued at $214,000. Public Employees Retirement System of Ohio raised its position in Gentex by 2.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 109,655 shares of the auto parts company's stock valued at $3,150,000 after purchasing an additional 3,137 shares during the period. Burgundy Asset Management Ltd. raised its position in Gentex by 1.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 5,516,817 shares of the auto parts company's stock valued at $158,498,000 after purchasing an additional 86,929 shares during the period. Finally, Novem Group purchased a new stake in Gentex in the fourth quarter valued at $279,000. Hedge funds and other institutional investors own 86.76% of the company's stock.

Wall Street Analyst Weigh In

GNTX has been the topic of a number of research analyst reports. Baird R W downgraded Gentex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group reduced their target price on Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird reaffirmed a "neutral" rating and issued a $25.00 price objective (down from $31.00) on shares of Gentex in a research note on Tuesday, April 15th. UBS Group dropped their price objective on Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Guggenheim dropped their price objective on Gentex from $30.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $28.31.

Insiders Place Their Bets

In other Gentex news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $22.87, for a total transaction of $86,082.68. Following the sale, the director now owns 5,939 shares in the company, valued at $135,824.93. This represents a 38.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by company insiders.

Gentex Stock Performance

Shares of NASDAQ GNTX traded down $0.32 during trading on Monday, reaching $21.25. The stock had a trading volume of 2,322,330 shares, compared to its average volume of 1,823,712. Gentex Co. has a fifty-two week low of $20.28 and a fifty-two week high of $35.32. The business's 50-day moving average price is $21.99 and its 200-day moving average price is $25.38. The company has a market cap of $4.78 billion, a P/E ratio of 12.07, a PEG ratio of 0.84 and a beta of 0.85.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. Gentex had a return on equity of 16.74% and a net margin of 17.49%. The company had revenue of $576.77 million for the quarter, compared to the consensus estimate of $578.68 million. During the same quarter in the prior year, the business earned $0.47 EPS. Gentex's revenue was down 2.3% on a year-over-year basis. Analysts forecast that Gentex Co. will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.48 annualized dividend and a yield of 2.26%. Gentex's dividend payout ratio (DPR) is 28.07%.

Gentex Company 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.