Campbell & CO Investment Adviser LLC Has $1.50 Million Position in Gentex Corporation $GNTX

Key Points

• Campbell & CO Investment Adviser LLC reduced its holdings in Gentex Corporation by 14.3%, now owning 64,342 shares worth approximately $1.50 million.
• Gentex recently reported a quarterly earnings per share (EPS) of $0.47, beating estimates by $0.08, with revenue rising 14.8% year-over-year to $657.86 million.
• The company declared a quarterly dividend of $0.12 per share, representing a 1.7% dividend yield and a dividend payout ratio of 27.12%.

Campbell & CO Investment Adviser LLC trimmed its holdings in Gentex Corporation (NASDAQ:GNTX - Free Report) by 14.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,342 shares of the auto parts company's stock after selling 10,760 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Gentex were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Gentex by 4.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,875 shares of the auto parts company's stock valued at $277,000 after purchasing an additional 521 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Gentex by 85.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,222 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 563 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Gentex by 1.1% in the first quarter. State of Michigan Retirement System now owns 54,440 shares of the auto parts company's stock valued at $1,268,000 after purchasing an additional 600 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Gentex by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 63,700 shares of the auto parts company's stock valued at $1,484,000 after purchasing an additional 600 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Gentex by 6.0% in the fourth quarter. ProShare Advisors LLC now owns 10,641 shares of the auto parts company's stock valued at $306,000 after purchasing an additional 605 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GNTX. The Goldman Sachs Group restated a "neutral" rating on shares of Gentex in a report on Friday, July 11th. Zacks Research upgraded Gentex from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 20th. B. Riley upped their target price on Gentex from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Robert W. Baird upped their target price on Gentex from $26.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Wall Street Zen upgraded Gentex from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Gentex has an average rating of "Hold" and an average target price of $28.63.

Gentex Trading Down 0.5%

NASDAQ:GNTX traded down $0.14 on Friday, hitting $28.01. The company's stock had a trading volume of 1,973,745 shares, compared to its average volume of 1,973,811. The stock has a fifty day moving average of $25.16 and a two-hundred day moving average of $23.58. The firm has a market capitalization of $6.15 billion, a P/E ratio of 15.82 and a beta of 0.82. Gentex Corporation has a one year low of $20.28 and a one year high of $31.72.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The firm had revenue of $657.86 million for the quarter, compared to analyst estimates of $591.94 million. Gentex had a return on equity of 16.86% and a net margin of 16.82%.The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. Gentex has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Gentex Corporation 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, October 22nd. Stockholders of record on Wednesday, October 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. Gentex's dividend payout ratio is presently 27.12%.

Gentex announced that its Board of Directors has initiated a share buyback program on Wednesday, July 16th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

About Gentex

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.