Gentex Corporation $GNTX Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Gentex Corporation (NASDAQ:GNTX) by 0.4% in the second quarter, Holdings Channel reports. The firm owned 5,681,405 shares of the auto parts company’s stock after buying an additional 20,795 shares during the period. Geode Capital Management LLC’s holdings in Gentex were worth $124,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GNTX. Vanguard Group Inc. increased its stake in Gentex by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,581,938 shares of the auto parts company’s stock worth $526,159,000 after buying an additional 886,785 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Gentex by 40.1% in the first quarter. Burgundy Asset Management Ltd. now owns 7,728,209 shares of the auto parts company’s stock valued at $180,067,000 after acquiring an additional 2,211,392 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Gentex by 46.2% in the first quarter. JPMorgan Chase & Co. now owns 7,673,701 shares of the auto parts company’s stock worth $178,797,000 after acquiring an additional 2,424,471 shares during the last quarter. Ariel Investments LLC increased its position in shares of Gentex by 10.7% during the first quarter. Ariel Investments LLC now owns 7,082,055 shares of the auto parts company’s stock worth $165,012,000 after purchasing an additional 687,329 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Gentex by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,655,948 shares of the auto parts company’s stock valued at $108,482,000 after purchasing an additional 160,432 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GNTX shares. UBS Group reaffirmed a “neutral” rating and set a $29.00 target price (up previously from $28.00) on shares of Gentex in a research note on Monday, October 6th. Wall Street Zen upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gentex in a report on Wednesday, October 8th. Zacks Research lowered shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Robert W. Baird set a $29.00 target price on Gentex in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.29.

Gentex Trading Down 0.6%

Gentex stock opened at $22.15 on Thursday. The company has a 50-day moving average price of $25.85 and a 200 day moving average price of $24.78. Gentex Corporation has a 12-month low of $20.28 and a 12-month high of $31.41. The stock has a market cap of $4.85 billion, a P/E ratio of 13.03 and a beta of 0.86.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, October 24th. The auto parts company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $570.32 million during the quarter, compared to analysts’ expectations of $661.10 million. Gentex had a net margin of 15.61% and a return on equity of 15.86%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. Gentex has set its FY 2025 guidance at EPS. As a group, analysts forecast that Gentex Corporation will post 2.04 EPS for the current year.

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.