Windsor Advisory Group LLC Purchases Shares of 25,232 Gentex Corporation $GNTX

Windsor Advisory Group LLC purchased a new stake in shares of Gentex Corporation (NASDAQ:GNTX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,232 shares of the auto parts company’s stock, valued at approximately $587,000. Gentex makes up about 0.5% of Windsor Advisory Group LLC’s investment portfolio, making the stock its 28th biggest position.

Several other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in Gentex by 10.3% during the third quarter. Wellington Management Group LLP now owns 14,828,120 shares of the auto parts company’s stock valued at $419,636,000 after purchasing an additional 1,383,203 shares in the last quarter. Bank of Montreal Can lifted its holdings in Gentex by 14,398.7% during the fourth quarter. Bank of Montreal Can now owns 7,726,057 shares of the auto parts company’s stock valued at $179,785,000 after purchasing an additional 7,672,769 shares in the last quarter. State Street Corp lifted its holdings in Gentex by 1.0% during the second quarter. State Street Corp now owns 7,439,333 shares of the auto parts company’s stock valued at $163,591,000 after purchasing an additional 74,779 shares in the last quarter. American Century Companies Inc. lifted its holdings in Gentex by 2.0% during the third quarter. American Century Companies Inc. now owns 6,742,293 shares of the auto parts company’s stock valued at $190,807,000 after purchasing an additional 131,035 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Gentex by 21.9% during the third quarter. JPMorgan Chase & Co. now owns 6,725,426 shares of the auto parts company’s stock valued at $190,330,000 after purchasing an additional 1,206,060 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard O. Schaum sold 4,815 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $23.31, for a total value of $112,237.65. Following the sale, the director owned 81,443 shares in the company, valued at approximately $1,898,436.33. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph B. Anderson, Jr. sold 5,939 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $22.98, for a total transaction of $136,478.22. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 16,693 shares of company stock worth $385,194. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GNTX. Wall Street Zen downgraded shares of Gentex from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group set a $26.00 target price on shares of Gentex in a report on Sunday, April 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gentex in a report on Tuesday, June 2nd. Robert W. Baird boosted their target price on shares of Gentex from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Gentex from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Gentex currently has an average rating of “Hold” and a consensus price target of $26.83.

Gentex Stock Performance

GNTX stock opened at $25.73 on Wednesday. Gentex Corporation has a one year low of $20.48 and a one year high of $29.38. The company’s fifty day moving average price is $23.46 and its 200-day moving average price is $23.29. The company has a market capitalization of $5.48 billion, a PE ratio of 14.46 and a beta of 0.79.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, April 24th. The auto parts company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The company had revenue of $675.44 million for the quarter, compared to analysts’ expectations of $649.42 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. Gentex’s quarterly revenue was up 17.1% on a year-over-year basis. On average, research analysts predict that Gentex Corporation will post 1.96 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, July 8th. Gentex’s payout ratio is currently 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).