Alpha Omega Wealth Management LLC Has $4.39 Million Position in Gentex Co. (NASDAQ:GNTX)

Alpha Omega Wealth Management LLC increased its stake in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,524 shares of the auto parts company's stock after purchasing an additional 18,967 shares during the quarter. Alpha Omega Wealth Management LLC owned about 0.08% of Gentex worth $4,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Gentex by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company's stock worth $80,079,000 after purchasing an additional 386,461 shares during the last quarter. LPL Financial LLC increased its stake in Gentex by 31.6% in the fourth quarter. LPL Financial LLC now owns 189,254 shares of the auto parts company's stock valued at $5,437,000 after purchasing an additional 45,475 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Gentex in the fourth quarter worth $24,479,000. Marshall Wace LLP bought a new stake in shares of Gentex in the 4th quarter valued at $10,868,000. Finally, BCGM Wealth Management LLC grew its stake in Gentex by 64.2% in the fourth quarter. BCGM Wealth Management LLC now owns 56,743 shares of the auto parts company's stock valued at $1,630,000 after acquiring an additional 22,180 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

Wall Street Analyst Weigh In

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

Gentex Price Performance

GNTX stock traded up $0.25 during mid-day trading on Thursday, reaching $22.30. The company had a trading volume of 639,663 shares, compared to its average volume of 1,841,254. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.84 and a beta of 0.82. Gentex Co. has a 52 week low of $20.28 and a 52 week high of $35.32. The stock has a 50 day simple moving average of $21.78 and a two-hundred day simple moving average of $25.05.

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

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.48 annualized dividend and a yield of 2.15%. Gentex's dividend payout ratio (DPR) is currently 28.07%.

Insider Buying and Selling

In other news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $22.87, for a total transaction of $86,082.68. Following the completion of the sale, the director now owns 5,939 shares in the company, valued at approximately $135,824.93. This trade represents a 38.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.

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.