Universal Beteiligungs und Servicegesellschaft mbH Has $865,000 Position in Gentex Corporation $GNTX

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Gentex by 58%, selling 51,399 shares and ending the quarter with 37,169 shares worth about $865,000.
• Company insiders have been net sellers: CEO Steven R. Downing sold 35,000 shares and CFO Kevin C. Nash sold 11,885 on Feb 17, and insiders disposed of 62,948 shares worth $1.55M over the past three months (insiders now own 0.55%).
• Gentex beat Q1 estimates with $0.48 EPS vs. $0.44 and revenue of $675.4M (+17.1% year/year); analysts' consensus is a "Hold" with an average price target of $26.67 while the stock trades around $22.75.

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Gentex Corporation (NASDAQ:GNTX - Free Report) by 58.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,169 shares of the auto parts company's stock after selling 51,399 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Gentex were worth $865,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GNTX. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gentex in the third quarter worth $38,000. Clearstead Advisors LLC raised its holdings in Gentex by 82.3% in the third quarter. Clearstead Advisors LLC now owns 2,042 shares of the auto parts company's stock worth $58,000 after purchasing an additional 922 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Gentex by 2,420.7% in the third quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company's stock worth $58,000 after purchasing an additional 1,985 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in Gentex in the third quarter worth $65,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Gentex in the fourth quarter worth $73,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GNTX has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on shares of Gentex from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of Gentex from a "hold" rating to a "buy" rating in a report on Sunday, March 8th. Robert W. Baird increased their target price on shares of Gentex from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, April 27th. UBS Group set a $26.00 target price on shares of Gentex in a report on Sunday, April 26th. Finally, B. Riley Financial reiterated a "buy" rating and issued a $29.00 target price (up from $28.00) on shares of Gentex in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Gentex currently has a consensus rating of "Hold" and an average price target of $26.67.

Insider Activity at Gentex

In other news, CEO Steven R. Downing sold 35,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $24.75, for a total transaction of $866,250.00. Following the completion of the sale, the chief executive officer owned 211,670 shares of the company's stock, valued at $5,238,832.50. This represents a 14.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin C. Nash sold 11,885 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $24.98, for a total transaction of $296,887.30. Following the sale, the chief financial officer directly owned 59,430 shares of the company's stock, valued at $1,484,561.40. This represents a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,948 shares of company stock worth $1,554,550 over the last three months. 0.55% of the stock is currently owned by insiders.

Gentex Price Performance

Shares of GNTX stock opened at $22.75 on Monday. The firm has a fifty day moving average of $22.25 and a 200-day moving average of $23.24. Gentex Corporation has a 12-month low of $20.48 and a 12-month high of $29.38. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 12.78 and a beta of 0.78.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The company had revenue of $675.44 million during the quarter, compared to the consensus estimate of $649.42 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The firm's revenue was up 17.1% compared to the same quarter last year. On average, equities analysts expect that Gentex Corporation will post 1.92 EPS for the current year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. Gentex's dividend payout ratio is currently 26.97%.

Gentex Profile

Gentex Corporation NASDAQ: GNTX is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company's primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world's leading original equipment manufacturers (OEMs).

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