Lecap Asset Management Ltd. Has $627,000 Stake in Gentex Corporation (NASDAQ:GNTX)

Lecap Asset Management Ltd. lifted its holdings in Gentex Corporation (NASDAQ:GNTX - Free Report) by 131.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,893 shares of the auto parts company's stock after purchasing an additional 15,271 shares during the period. Lecap Asset Management Ltd.'s holdings in Gentex were worth $627,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in GNTX. Oppenheimer Asset Management Inc. increased its stake 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 valued at $214,000 after acquiring an additional 457 shares during the period. ProShare Advisors LLC increased its position in shares of 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. Scotia Capital Inc. lifted its position in Gentex by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 126,325 shares of the auto parts company's stock worth $3,629,000 after purchasing an additional 608 shares during the period. Smith Moore & CO. lifted its holdings in shares of Gentex by 3.5% during the 4th quarter. Smith Moore & CO. now owns 18,666 shares of the auto parts company's stock worth $536,000 after acquiring an additional 632 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in shares of Gentex by 0.6% during the 4th 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 during the period. Institutional investors own 86.76% of the company's stock.

Insiders Place Their Bets

In other Gentex news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $22.87, for a total value of $86,082.68. Following the completion of the sale, the director owned 5,939 shares of the company's stock, valued at approximately $135,824.93. This represents a 38.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Robert W. Baird reiterated a "neutral" rating and issued a $25.00 price objective (down previously from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. UBS Group cut their price target on Gentex from $29.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group decreased 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. Baird R W downgraded shares of Gentex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Guggenheim reduced their target price on shares of Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Gentex has an average rating of "Hold" and an average target price of $28.31.

Gentex Price Performance

Shares of GNTX remained flat at $21.99 on Monday. 2,730,407 shares of the company were exchanged, compared to its average volume of 1,853,627. Gentex Corporation has a twelve month low of $20.28 and a twelve month high of $35.32. The stock has a market cap of $4.94 billion, a PE ratio of 12.86, a P/E/G ratio of 1.09 and a beta of 0.82. The stock's 50 day simple moving average is $21.89 and its 200 day simple moving average is $24.17.

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

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be given a $0.12 dividend. 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 2.18%. Gentex's dividend payout ratio is 28.07%.

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.