Vanguard Personalized Indexing Management LLC Has $1.08 Million Holdings in Gentex Co. (NASDAQ:GNTX)

Vanguard Personalized Indexing Management LLC grew its position in Gentex Co. (NASDAQ:GNTX) by 17.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,018 shares of the auto parts company’s stock after purchasing an additional 4,684 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Gentex were worth $1,079,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new stake in Gentex in the 4th quarter valued at about $29,000. Quest Partners LLC bought a new stake in shares of Gentex in the second quarter valued at approximately $31,000. Gladius Capital Management LP acquired a new stake in Gentex during the second quarter worth approximately $34,000. GAMMA Investing LLC increased its stake in Gentex by 26.3% during the 1st quarter. GAMMA Investing LLC now owns 1,742 shares of the auto parts company’s stock worth $63,000 after acquiring an additional 363 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new position in Gentex in the 2nd quarter valued at $67,000. Institutional investors own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. BNP Paribas cut shares of Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Tuesday, July 30th. Robert W. Baird reduced their price target on shares of Gentex from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. StockNews.com cut shares of Gentex from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Finally, B. Riley cut their target price on Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.86.

Gentex Stock Performance

NASDAQ GNTX opened at $30.15 on Tuesday. Gentex Co. has a fifty-two week low of $27.86 and a fifty-two week high of $37.58. The stock has a market cap of $6.97 billion, a PE ratio of 15.95, a PEG ratio of 0.96 and a beta of 0.92. The firm’s fifty day moving average price is $30.57 and its two-hundred day moving average price is $33.25.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, July 26th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15). Gentex had a return on equity of 17.78% and a net margin of 17.87%. The firm had revenue of $572.93 million during the quarter, compared to analyst estimates of $623.28 million. As a group, sell-side analysts predict that Gentex Co. will post 1.96 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, October 9th. Gentex’s payout ratio is 25.40%.

Insider Buying and Selling at Gentex

In other Gentex news, major shareholder Corp Gentex purchased 3,152,500 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the completion of the acquisition, the insider now owns 6,463,808 shares in the company, valued at $32,319,040. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.