Oak Thistle LLC Invests $446,000 in Gentex Co. (NASDAQ:GNTX)

Oak Thistle LLC bought a new stake in Gentex Co. (NASDAQ:GNTX) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 12,355 shares of the auto parts company’s stock, valued at approximately $446,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in Gentex in the fourth quarter valued at $29,000. National Bank of Canada FI grew its position in shares of Gentex by 159.1% during the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 571 shares during the period. VisionPoint Advisory Group LLC increased its stake in shares of Gentex by 123.6% in the 3rd 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 in the last quarter. GAMMA Investing LLC acquired a new position in Gentex in the 4th quarter worth about $46,000. Finally, Global Retirement Partners LLC boosted its position in Gentex by 371.3% during the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 2,157 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Trading Down 0.3 %

GNTX opened at $33.61 on Tuesday. Gentex Co. has a twelve month low of $27.86 and a twelve month high of $37.58. The firm has a market capitalization of $7.77 billion, a PE ratio of 17.78, a PEG ratio of 0.95 and a beta of 0.93. The firm’s 50-day moving average price is $34.38 and its 200 day moving average price is $34.36.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Gentex had a net margin of 18.77% and a return on equity of 19.19%. The company had revenue of $590.23 million during the quarter, compared to analysts’ expectations of $600.38 million. During the same quarter last year, the company earned $0.42 earnings per share. Gentex’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts predict that Gentex Co. will post 2.11 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, July 5th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. Gentex’s payout ratio is 25.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GNTX shares. B. Riley boosted their price objective on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, June 16th. Finally, Guggenheim lifted their target price on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.83.

Insider Activity at Gentex

In other Gentex news, Director Joseph B. Anderson, Jr. sold 4,716 shares of Gentex stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $34.46, for a total transaction of $162,513.36. Following the transaction, the director now directly owns 3,764 shares of the company’s stock, valued at $129,707.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by insiders.

Gentex 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.