Gentex Co. (NASDAQ:GNTX) Position Boosted by Hendershot Investments Inc.

Hendershot Investments Inc. boosted its stake in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 599,372 shares of the auto parts company's stock after purchasing an additional 32,340 shares during the period. Gentex comprises about 3.0% of Hendershot Investments Inc.'s investment portfolio, making the stock its 9th biggest position. Hendershot Investments Inc. owned approximately 0.26% of Gentex worth $19,575,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Belpointe Asset Management LLC lifted its position in Gentex by 414.3% during the first quarter. Belpointe Asset Management LLC now owns 900 shares of the auto parts company's stock valued at $25,000 after purchasing an additional 725 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in shares of Gentex by 123.6% in the third quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company's stock valued at $39,000 after acquiring an additional 665 shares in the last quarter. Quent Capital LLC lifted its position in shares of Gentex by 209.0% in the third quarter. Quent Capital LLC now owns 1,749 shares of the auto parts company's stock valued at $57,000 after acquiring an additional 1,183 shares in the last quarter. Covestor Ltd lifted its position in shares of Gentex by 79.2% in the first quarter. Covestor Ltd now owns 1,887 shares of the auto parts company's stock valued at $55,000 after acquiring an additional 834 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Gentex by 371.3% in the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company's stock valued at $89,000 after acquiring an additional 2,157 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Price Performance

Shares of GNTX traded down $0.97 during mid-day trading on Wednesday, reaching $35.18. 1,738,078 shares of the company's stock traded hands, compared to its average volume of 1,441,066. The stock has a market cap of $8.14 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.96 and a beta of 0.99. The stock's 50-day moving average is $35.74 and its two-hundred day moving average is $32.88. Gentex Co. has a 12 month low of $25.85 and a 12 month high of $37.58.

Gentex (NASDAQ:GNTX - Get Free Report) last released its earnings results on Friday, January 26th. The auto parts company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The firm had revenue of $589.13 million for the quarter, compared to analysts' expectations of $563.42 million. Gentex had a return on equity of 19.25% and a net margin of 18.63%. The company's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Research analysts predict that Gentex Co. will post 2.16 earnings per share for the current year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, April 5th will be paid a $0.12 dividend. The ex-dividend date is Thursday, April 4th. This represents a $0.48 annualized dividend and a yield of 1.36%. Gentex's dividend payout ratio (DPR) is currently 26.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. B. Riley boosted their target price on Gentex from $42.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Guggenheim boosted their target price on Gentex from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. boosted their target price on Gentex from $36.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, January 25th. The Goldman Sachs Group boosted their price objective on Gentex from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Monday, January 29th. Finally, StockNews.com raised Gentex from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.67.

Insider Buying and Selling

In related news, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the transaction, the chief financial officer now owns 44,321 shares of the company's stock, valued at $1,464,365.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total transaction of $446,040.00. Following the completion of the sale, the chief financial officer now owns 44,321 shares in the company, valued at $1,464,365.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard O. Schaum sold 6,022 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.93, for a total value of $204,326.46. Following the sale, the director now owns 62,555 shares of the company's stock, valued at approximately $2,122,491.15. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Gentex Company 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.

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