Gentex Corporation (NASDAQ:GNTX) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in Gentex Corporation (NASDAQ:GNTX - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,454 shares of the auto parts company's stock after buying an additional 12,168 shares during the period. Asset Management One Co. Ltd. owned approximately 0.10% of Gentex worth $5,113,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TD Private Client Wealth LLC boosted its holdings in Gentex by 138.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock worth $33,000 after acquiring an additional 662 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Gentex by 208.2% during the first quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 1,093 shares during the period. UMB Bank n.a. lifted its position in shares of Gentex by 103.3% during the first quarter. UMB Bank n.a. now owns 2,124 shares of the auto parts company's stock worth $49,000 after purchasing an additional 1,079 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Gentex by 268,600.0% in the first quarter. NBC Securities Inc. now owns 2,687 shares of the auto parts company's stock valued at $62,000 after purchasing an additional 2,686 shares during the period. Finally, LRI Investments LLC boosted its stake in shares of Gentex by 33.2% in the fourth quarter. LRI Investments LLC now owns 2,750 shares of the auto parts company's stock valued at $79,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Stock Up 1.3%

Shares of GNTX traded up $0.30 during mid-day trading on Wednesday, hitting $23.16. The stock had a trading volume of 991,730 shares, compared to its average volume of 1,856,635. Gentex Corporation has a fifty-two week low of $20.28 and a fifty-two week high of $35.32. The company has a market cap of $5.21 billion, a PE ratio of 13.58, a PEG ratio of 1.09 and a beta of 0.81. The company's fifty day simple moving average is $21.91 and its two-hundred day simple moving average is $24.16.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The firm had revenue of $576.77 million during the quarter, compared to the consensus estimate of $578.68 million. Gentex had a net margin of 17.01% and a return on equity of 16.11%. The firm's revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. Equities analysts expect that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, July 9th. Gentex's dividend payout ratio is presently 28.07%.

Insider Buying and Selling at Gentex

In related news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $22.87, for a total value of $86,082.68. Following the completion of the transaction, the director directly owned 5,939 shares of the company's stock, valued at $135,824.93. This represents a 38.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group cut their price objective on shares of Gentex from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Robert W. Baird reiterated a "neutral" rating and issued a $25.00 price target (down previously from $31.00) on shares of Gentex in a research note on Tuesday, April 15th. Guggenheim lowered 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. Baird R W downgraded Gentex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, UBS Group reduced their target price on Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $28.31.

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.