Gentex Co. (NASDAQ:GNTX) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP reduced its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,947,922 shares of the auto parts company's stock after selling 1,340,963 shares during the period. Cooke & Bieler LP owned about 1.69% of Gentex worth $128,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Belpointe Asset Management LLC boosted its holdings in Gentex by 414.3% in 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 during the period. VisionPoint Advisory Group LLC boosted its holdings in 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 purchasing an additional 665 shares during the period. Covestor Ltd boosted its holdings in 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 purchasing an additional 834 shares during the period. Global Retirement Partners LLC boosted its holdings in 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 purchasing an additional 2,157 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Gentex by 31.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,774 shares of the auto parts company's stock valued at $78,000 after purchasing an additional 667 shares during the period. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com upgraded Gentex from a "hold" rating to a "buy" rating in a report on Friday, February 23rd. The Goldman Sachs Group lifted their target price on Gentex from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, January 29th. Guggenheim lifted their price target on Gentex from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on Gentex from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, January 25th. Finally, B. Riley lifted their price target on Gentex from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Gentex currently has a consensus rating of "Moderate Buy" and an average target price of $37.83.

Insider Transactions at Gentex

In related news, CFO Kevin C. Nash sold 13,500 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $1,464,365.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard O. Schaum sold 6,022 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.93, for a total value of $204,326.46. Following the transaction, the director now owns 62,555 shares in the company, valued at approximately $2,122,491.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin C. Nash sold 13,500 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the transaction, the chief financial officer now owns 44,321 shares in the company, valued at approximately $1,464,365.84. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Gentex Price Performance

Shares of GNTX traded up $0.33 during midday trading on Friday, reaching $33.91. 1,332,962 shares of the stock were exchanged, compared to its average volume of 1,249,628. The business's 50-day moving average price is $35.70 and its 200 day moving average price is $32.99. Gentex Co. has a twelve month low of $25.85 and a twelve month high of $37.58. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 0.72 and a beta of 0.99.

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

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, April 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex's dividend payout ratio (DPR) is currently 26.09%.

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.