Landscape Capital Management L.L.C. Has $1.56 Million Holdings in Gentex Corporation $GNTX

Landscape Capital Management L.L.C. boosted its holdings in shares of Gentex Corporation (NASDAQ:GNTX) by 96.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,971 shares of the auto parts company’s stock after acquiring an additional 32,817 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Gentex were worth $1,558,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Clearstead Advisors LLC boosted its position in Gentex by 21.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,479 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 437 shares during the period. Gagnon Securities LLC raised its stake in shares of Gentex by 0.8% during the 4th quarter. Gagnon Securities LLC now owns 55,672 shares of the auto parts company’s stock worth $1,295,000 after purchasing an additional 458 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Gentex by 4.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,025 shares of the auto parts company’s stock worth $286,000 after purchasing an additional 562 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Gentex by 2.1% during the 4th quarter. Merit Financial Group LLC now owns 30,641 shares of the auto parts company’s stock worth $713,000 after purchasing an additional 635 shares in the last quarter. Finally, Novem Group raised its stake in shares of Gentex by 6.3% during the 4th quarter. Novem Group now owns 11,683 shares of the auto parts company’s stock worth $272,000 after purchasing an additional 696 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gentex

In other news, Director Richard O. Schaum sold 4,815 shares of Gentex stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $23.31, for a total transaction of $112,237.65. Following the sale, the director owned 81,443 shares of the company’s stock, valued at approximately $1,898,436.33. This trade represents a 5.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph B. Anderson, Jr. sold 5,939 shares of Gentex stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $22.98, for a total value of $136,478.22. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,693 shares of company stock valued at $385,194. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group set a $26.00 price target on Gentex in a research note on Sunday, April 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gentex in a research note on Tuesday, June 2nd. Freedom Capital raised Gentex to a “strong-buy” rating in a research note on Friday, March 27th. B. Riley Financial reissued a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Gentex in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. raised their price objective on Gentex from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.83.

Gentex Stock Up 0.7%

GNTX opened at $26.04 on Tuesday. The firm has a market capitalization of $5.55 billion, a P/E ratio of 14.63 and a beta of 0.79. The stock’s 50 day moving average price is $23.37 and its two-hundred day moving average price is $23.27. Gentex Corporation has a 12-month low of $20.48 and a 12-month high of $29.38.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, April 24th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $675.44 million for the quarter, compared to analyst estimates of $649.42 million. Gentex had a return on equity of 16.27% and a net margin of 14.75%.The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. As a group, analysts anticipate that Gentex Corporation will post 1.96 earnings per share for the current year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, July 8th. Gentex’s dividend payout ratio (DPR) is presently 26.97%.

About Gentex

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).