Universal Beteiligungs und Servicegesellschaft mbH Sells 51,399 Shares of Gentex Corporation $GNTX

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in Gentex Corporation (NASDAQ:GNTX) by 58.0% in the fourth quarter, Holdings Channel reports. The firm owned 37,169 shares of the auto parts company’s stock after selling 51,399 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Gentex were worth $865,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GNTX. Hudson Bay Capital Management LP bought a new position in Gentex in the third quarter valued at approximately $3,613,000. WINTON GROUP Ltd bought a new position in Gentex in the third quarter valued at approximately $7,258,000. Nordea Investment Management AB bought a new position in Gentex in the third quarter valued at approximately $6,422,000. Elo Mutual Pension Insurance Co bought a new position in Gentex in the third quarter valued at approximately $726,000. Finally, Clark Capital Management Group Inc. bought a new position in shares of Gentex in the 3rd quarter valued at about $8,179,000. Institutional investors own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

GNTX has been the subject of a number of analyst reports. Freedom Capital raised shares of Gentex to a “strong-buy” rating in a research report on Friday, March 27th. JPMorgan Chase & Co. decreased their price objective on shares of Gentex from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Gentex in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, 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 report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Gentex currently has a consensus rating of “Hold” and a consensus target price of $26.67.

Gentex Price Performance

Shares of GNTX opened at $22.75 on Monday. The firm has a 50-day moving average of $22.25 and a 200-day moving average of $23.24. Gentex Corporation has a one year low of $20.48 and a one year high of $29.38. The company has a market cap of $4.86 billion, a PE ratio of 12.78 and a beta of 0.78.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $675.44 million during the quarter, compared to the consensus estimate of $649.42 million. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. Analysts expect that Gentex Corporation will post 1.92 earnings per share for the current year.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. Gentex’s payout ratio is presently 26.97%.

Insider Activity at Gentex

In related news, CEO Steven R. Downing sold 35,000 shares of Gentex stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $24.75, for a total transaction of $866,250.00. Following the completion of the sale, the chief executive officer owned 211,670 shares of the company’s stock, valued at approximately $5,238,832.50. The trade was a 14.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Neil Boehm sold 11,248 shares of Gentex stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $24.82, for a total transaction of $279,175.36. Following the sale, the chief technology officer directly owned 58,951 shares of the company’s stock, valued at $1,463,163.82. The trade was a 16.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 62,948 shares of company stock worth $1,554,550. 0.55% of the stock is currently owned by corporate insiders.

Gentex Company Profile

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).