Gentex Co. (GNTX) Shares Bought by Stifel Financial Corp
Stifel Financial Corp boosted its position in Gentex Co. (NASDAQ:GNTX) by 7.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,327 shares of the auto parts company’s stock after purchasing an additional 5,679 shares during the period. Stifel Financial Corp’s holdings in Gentex were worth $1,712,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership lifted its position in Gentex by 3.6% in the third quarter. Artisan Partners Limited Partnership now owns 6,827,345 shares of the auto parts company’s stock worth $135,181,000 after purchasing an additional 237,855 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Gentex by 8.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,737,248 shares of the auto parts company’s stock valued at $93,798,000 after acquiring an additional 379,747 shares during the last quarter. BB&T Securities LLC lifted its position in shares of Gentex by 19.8% during the 3rd quarter. BB&T Securities LLC now owns 25,026 shares of the auto parts company’s stock valued at $495,000 after acquiring an additional 4,143 shares during the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA lifted its position in shares of Gentex by 60.6% during the 3rd quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 102,228 shares of the auto parts company’s stock valued at $2,024,000 after acquiring an additional 38,585 shares during the last quarter. Finally, Tiedemann Wealth Management LLC lifted its position in shares of Gentex by 17.6% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 43,763 shares of the auto parts company’s stock valued at $320,000 after acquiring an additional 6,563 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.
Shares of Gentex Co. (NASDAQ:GNTX) opened at $20.89 on Friday. Gentex Co. has a one year low of $16.59 and a one year high of $22.12. The stock has a market cap of $5,940.00, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22.
Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, October 20th. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. Gentex had a net margin of 20.80% and a return on equity of 18.45%. The company had revenue of $438.63 million for the quarter, compared to the consensus estimate of $452.42 million. During the same period in the previous year, the business earned $0.32 EPS. The company’s revenue was up 2.1% on a year-over-year basis. equities research analysts anticipate that Gentex Co. will post 1.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, January 4th. Gentex’s dividend payout ratio (DPR) is currently 31.75%.
In other Gentex news, insider Kevin C. Nash sold 4,320 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total transaction of $85,104.00. Following the sale, the insider now directly owns 30,732 shares of the company’s stock, valued at approximately $605,420.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven R. Downing sold 8,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total transaction of $157,600.00. Following the sale, the chief financial officer now directly owns 47,362 shares in the company, valued at $933,031.40. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
A number of equities research analysts have recently commented on GNTX shares. Zacks Investment Research downgraded Gentex from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. BidaskClub upgraded Gentex from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Robert W. Baird cut their price objective on Gentex from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, October 23rd. FBR & Co reiterated a “buy” rating and set a $25.00 price objective on shares of Gentex in a research report on Wednesday, October 18th. Finally, B. Riley reiterated a “buy” rating on shares of Gentex in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $22.21.
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Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.
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