Greenleaf Trust Has $309,000 Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Greenleaf Trust increased its position in shares of Gentex Co. (NASDAQ:GNTX) by 20.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,466 shares of the auto parts company’s stock after acquiring an additional 1,610 shares during the period. Greenleaf Trust’s holdings in Gentex were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its position in Gentex by 95.4% in the third quarter. Wellington Management Group LLP now owns 6,823,022 shares of the auto parts company’s stock valued at $222,021,000 after buying an additional 3,330,502 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Gentex by 110.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 375,336 shares of the auto parts company’s stock valued at $12,356,000 after acquiring an additional 196,718 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Gentex by 66.7% during the third quarter. Adage Capital Partners GP L.L.C. now owns 250,000 shares of the auto parts company’s stock valued at $8,135,000 after acquiring an additional 100,000 shares during the last quarter. Reinhart Partners LLC. raised its stake in shares of Gentex by 10.7% during the fourth quarter. Reinhart Partners LLC. now owns 979,355 shares of the auto parts company’s stock valued at $31,986,000 after acquiring an additional 94,794 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Gentex by 18.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 593,791 shares of the auto parts company’s stock valued at $19,322,000 after acquiring an additional 94,200 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Price Performance

Shares of NASDAQ GNTX opened at $34.66 on Wednesday. The stock has a market capitalization of $8.02 billion, a P/E ratio of 18.84, a P/E/G ratio of 0.72 and a beta of 0.99. The company has a 50-day moving average price of $35.68 and a 200-day moving average price of $33.04. Gentex Co. has a 1 year low of $25.85 and a 1 year high of $37.58.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $589.13 million during the quarter, compared to analysts’ expectations of $563.42 million. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. As a group, equities research analysts anticipate that Gentex Co. will post 2.16 earnings per share for the current fiscal year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex’s dividend payout ratio (DPR) is presently 26.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GNTX shares. StockNews.com raised shares of Gentex from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Guggenheim lifted their price target on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price target on shares of Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. B. Riley lifted their price target on shares of Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, The Goldman Sachs Group lifted their price target on shares of Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.83.

Insider Buying and Selling

In other Gentex news, 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 transaction, the chief financial officer now directly owns 44,321 shares in the company, valued at $1,464,365.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Richard O. Schaum sold 6,022 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the sale, the director now owns 62,555 shares of the company’s stock, valued at approximately $2,122,491.15. The transaction 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 company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total transaction of $446,040.00. Following the sale, the chief financial officer now directly owns 44,321 shares in the company, valued at approximately $1,464,365.84. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.