Gentex Co. (NASDAQ:GNTX) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in Gentex Co. (NASDAQ:GNTX) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,831 shares of the auto parts company’s stock after buying an additional 8,374 shares during the quarter. AQR Capital Management LLC owned 0.06% of Gentex worth $4,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNTX. Campbell & CO Investment Adviser LLC boosted its holdings in Gentex by 5.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 19,366 shares of the auto parts company’s stock valued at $632,000 after purchasing an additional 981 shares during the last quarter. KBC Group NV acquired a new stake in shares of Gentex during the fourth quarter worth approximately $144,000. Schroder Investment Management Group increased its stake in shares of Gentex by 14.9% in the fourth quarter. Schroder Investment Management Group now owns 2,706,826 shares of the auto parts company’s stock worth $88,405,000 after buying an additional 350,321 shares during the last quarter. Natixis Investment Managers International raised its holdings in Gentex by 34.0% in the fourth quarter. Natixis Investment Managers International now owns 3,395 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 861 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its stake in Gentex by 237.0% during the 4th quarter. Capital Fund Management S.A. now owns 153,970 shares of the auto parts company’s stock valued at $5,029,000 after acquiring an additional 108,281 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. UBS Group began coverage on Gentex in a research note on Wednesday, September 4th. They set a “neutral” rating and a $34.00 price objective on the stock. B. Riley decreased their target price on Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, July 29th. The Goldman Sachs Group dropped their price target on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Robert W. Baird reduced their price objective on Gentex from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Gentex currently has a consensus rating of “Hold” and an average target price of $36.29.

Gentex Trading Down 0.5 %

Shares of NASDAQ GNTX opened at $29.00 on Friday. Gentex Co. has a 12-month low of $27.86 and a 12-month high of $37.58. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.99 and a beta of 0.92. The stock’s 50 day simple moving average is $29.96 and its 200 day simple moving average is $32.89.

Gentex (NASDAQ:GNTX) last posted 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). The company had revenue of $572.93 million during the quarter, compared to the consensus estimate of $623.28 million. Gentex had a net margin of 17.87% and a return on equity of 17.78%. As a group, equities analysts forecast that Gentex Co. will post 1.96 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. Gentex’s payout ratio is currently 25.40%.

Insider Activity

In other Gentex news, major shareholder Corp Gentex acquired 3,152,500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the acquisition, the insider now directly owns 6,463,808 shares of the company’s stock, valued at $32,319,040. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.