Gentex Corporation (NASDAQ:GNTX) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lowered its holdings in shares of Gentex Corporation (NASDAQ:GNTX - Free Report) by 8.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,163 shares of the auto parts company's stock after selling 14,714 shares during the period. GHP Investment Advisors Inc. owned 0.07% of Gentex worth $3,499,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its position in Gentex by 6.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock worth $214,000 after acquiring an additional 457 shares during the last quarter. ProShare Advisors LLC raised its position in Gentex by 6.0% during the fourth quarter. ProShare Advisors LLC now owns 10,641 shares of the auto parts company's stock worth $306,000 after acquiring an additional 605 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of Gentex by 0.5% during the fourth quarter. Scotia Capital Inc. now owns 126,325 shares of the auto parts company's stock worth $3,629,000 after buying an additional 608 shares in the last quarter. Smith Moore & CO. grew its holdings in shares of Gentex by 3.5% during the fourth quarter. Smith Moore & CO. now owns 18,666 shares of the auto parts company's stock worth $536,000 after buying an additional 632 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Gentex by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 101,711 shares of the auto parts company's stock worth $2,922,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

Insider Transactions at Gentex

In other news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $22.87, for a total transaction of $86,082.68. Following the transaction, the director now directly owns 5,939 shares of the company's stock, valued at approximately $135,824.93. The trade was a 38.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.45% of the company's stock.

Gentex Trading Up 1.1%

GNTX traded up $0.24 during trading on Thursday, hitting $21.86. 1,404,928 shares of the company's stock were exchanged, compared to its average volume of 1,845,755. Gentex Corporation has a 1 year low of $20.28 and a 1 year high of $35.32. The stock has a 50 day moving average price of $21.86 and a 200 day moving average price of $24.45. The firm has a market cap of $4.91 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81.

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

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.20%. Gentex's payout ratio is currently 28.07%.

Analyst Ratings Changes

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

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.