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

Lecap Asset Management Ltd. grew its holdings in shares of Gentex Corporation (NASDAQ:GNTX - Free Report) by 131.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its stake in Gentex by 138.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,139 shares of the auto parts company's stock valued at $33,000 after buying an additional 662 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Gentex by 208.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 1,093 shares in the last quarter. UMB Bank n.a. boosted its stake in Gentex by 103.3% in the 1st 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 during the period. NBC Securities Inc. grew its position in Gentex by 268,600.0% during the 1st quarter. NBC Securities Inc. now owns 2,687 shares of the auto parts company's stock worth $62,000 after purchasing an additional 2,686 shares in the last quarter. Finally, LRI Investments LLC raised its stake in Gentex by 33.2% during the 4th 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 own 86.76% of the company's stock.

Insider Activity at Gentex

In other news, Director Joseph B. Anderson, Jr. sold 3,764 shares of Gentex 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 transaction, the director now owns 5,939 shares of the company's stock, valued at $135,824.93. This trade represents a 38.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

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

Gentex Price Performance

GNTX traded up $0.13 during midday trading on Friday, hitting $21.99. 2,899,590 shares of the company's stock traded hands, compared to its average volume of 1,852,726. The company has a market cap of $4.94 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81. The stock's fifty day simple moving average is $21.87 and its 200-day simple moving average is $24.38. Gentex Corporation has a one year low of $20.28 and a one year high of $35.32.

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

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, July 9th. Gentex's payout ratio is presently 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.