10,067 Shares in Gentex Co. (NASDAQ:GNTX) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in shares of Gentex Co. (NASDAQ:GNTX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,067 shares of the auto parts company’s stock, valued at approximately $308,000.

A number of other hedge funds have also recently bought and sold shares of the business. Advisory Alpha LLC grew its position in shares of Gentex by 2.3% during the fourth quarter. Advisory Alpha LLC now owns 57,053 shares of the auto parts company’s stock worth $1,863,000 after buying an additional 1,290 shares in the last quarter. Trust Point Inc. bought a new position in Gentex during the 4th quarter valued at $566,000. Financial Enhancement Group LLC grew its holdings in Gentex by 7.4% during the 4th quarter. Financial Enhancement Group LLC now owns 126,202 shares of the auto parts company’s stock worth $4,086,000 after acquiring an additional 8,653 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Gentex by 371.3% in the 4th 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 during the last quarter. Finally, Values First Advisors Inc. raised its stake in shares of Gentex by 1.8% in the 4th quarter. Values First Advisors Inc. now owns 68,331 shares of the auto parts company’s stock valued at $2,232,000 after purchasing an additional 1,179 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Insider Activity at Gentex

In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 44,321 shares in the company, valued at approximately $1,464,365.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Richard O. Schaum sold 6,022 shares of the firm’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 transaction, the director now owns 62,555 shares in the company, valued at $2,122,491.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $446,040.00. Following the completion of the sale, the chief financial officer now owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Gentex Stock Performance

GNTX stock opened at $34.71 on Friday. Gentex Co. has a 1 year low of $25.85 and a 1 year high of $37.58. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.74 and a beta of 0.99. The stock’s fifty day moving average is $35.67 and its two-hundred day moving average is $33.09.

Gentex (NASDAQ:GNTX) last posted its earnings results 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. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The firm had revenue of $589.13 million during the quarter, compared to analyst estimates of $563.42 million. During the same period in the previous year, the business posted $0.37 EPS. Gentex’s revenue was up 19.3% on a year-over-year basis. As a group, analysts predict that Gentex Co. will post 2.17 EPS for the current fiscal year.

Gentex Announces Dividend

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

Analysts Set New Price Targets

GNTX has been the subject of several research analyst reports. StockNews.com raised Gentex from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. B. Riley raised their price objective on Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Guggenheim increased their target price on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. 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 report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.83.

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.