Advisory Alpha LLC Has $1.82 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Advisory Alpha LLC trimmed its stake in Gentex Co. (NASDAQ:GNTX) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,927 shares of the auto parts company’s stock after selling 3,040 shares during the quarter. Advisory Alpha LLC’s holdings in Gentex were worth $1,818,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Neo Ivy Capital Management acquired a new position in shares of Gentex during the fourth quarter valued at about $29,000. Quest Partners LLC acquired a new position in shares of Gentex during the second quarter valued at about $31,000. Gladius Capital Management LP acquired a new position in shares of Gentex during the second quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of Gentex by 173.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock valued at $42,000 after buying an additional 850 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Gentex by 26.3% during the first quarter. GAMMA Investing LLC now owns 1,742 shares of the auto parts company’s stock valued at $63,000 after buying an additional 363 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gentex news, major shareholder Corp Gentex purchased 3,152,500 shares of the stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the transaction, the insider now directly owns 6,463,808 shares in the company, valued at approximately $32,319,040. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Gentex Stock Performance

Shares of GNTX stock opened at $29.69 on Tuesday. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 0.99 and a beta of 0.92. Gentex Co. has a 52 week low of $27.86 and a 52 week high of $37.58. The firm’s 50-day simple moving average is $30.20 and its two-hundred day simple moving average is $33.06.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, July 26th. The auto parts company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.15). The company had revenue of $572.93 million during the quarter, compared to the consensus estimate of $623.28 million. Gentex had a return on equity of 17.78% and a net margin of 17.87%. Analysts forecast that Gentex Co. will post 1.96 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, October 9th. Gentex’s dividend payout ratio is 25.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GNTX. JPMorgan Chase & Co. reduced their price objective on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. BNP Paribas lowered shares of Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research report on Tuesday, July 30th. StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. UBS Group started coverage on shares of Gentex in a research report on Wednesday, September 4th. They set a “neutral” rating and a $34.00 price target on the stock. Finally, B. Riley dropped their price target on shares of Gentex from $44.00 to $41.00 and set a “buy” rating on the stock in a research report 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.86.

About Gentex

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.