Gentex Corporation $GNTX Shares Purchased by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its stake in Gentex Corporation by 48.3% during the first quarter, now holding 111,477 shares valued at approximately $2,597,000.
• Gentex recently announced a quarterly dividend of $0.12 per share, which will be paid on October 22nd, reflecting an annualized yield of 1.7%.
• Analysts have shown optimism towards Gentex, with Zacks upgrading the company to a strong-buy rating and several others raising their price targets, indicating a positive outlook on its stock performance.

Capital Fund Management S.A. grew its position in shares of Gentex Corporation (NASDAQ:GNTX - Free Report) by 48.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,477 shares of the auto parts company's stock after purchasing an additional 36,318 shares during the quarter. Capital Fund Management S.A.'s holdings in Gentex were worth $2,597,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake 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 worth $28,000 after purchasing an additional 563 shares during the last quarter. State of Michigan Retirement System grew its holdings in Gentex by 1.1% during 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 during the period. Louisiana State Employees Retirement System grew its holdings in Gentex by 1.0% during 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 during the period. ProShare Advisors LLC grew its holdings in Gentex by 6.0% during 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 during the period. Finally, Values First Advisors Inc. lifted its position in shares of Gentex by 1.3% in the first quarter. Values First Advisors Inc. now owns 51,873 shares of the auto parts company's stock valued at $1,209,000 after acquiring an additional 676 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GNTX shares. Zacks Research upgraded Gentex from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. UBS Group boosted their target price on Gentex from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. B. Riley boosted their target price on Gentex from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wall Street Zen upgraded Gentex from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Industrial Alliance Securities set a $25.00 target price on Gentex in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Gentex has a consensus rating of "Hold" and an average target price of $28.63.

Gentex Price Performance

Shares of GNTX traded down $0.29 during mid-day trading on Friday, reaching $27.87. 701,562 shares of the company's stock traded hands, compared to its average volume of 2,295,566. The stock has a market cap of $6.12 billion, a P/E ratio of 15.75 and a beta of 0.82. The stock's 50-day moving average is $25.03 and its two-hundred day moving average is $23.56. Gentex Corporation has a 12 month low of $20.28 and a 12 month high of $31.72.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.08. Gentex had a return on equity of 16.86% and a net margin of 16.82%.The company had revenue of $657.86 million for the quarter, compared to analysts' expectations of $591.94 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Gentex's revenue was up 14.8% compared to the same quarter last year. Gentex has set its FY 2025 guidance at EPS. Research analysts predict that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex declared that its Board of Directors has initiated a share buyback plan on Wednesday, July 16th that authorizes the company to repurchase 40,000,000 outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, October 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. Gentex's dividend payout ratio (DPR) is currently 27.12%.

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.