Matthew Chiodo Sells 3,000 Shares of Gentex Co. (GNTX) Stock

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Gentex Co. (NASDAQ:GNTX) VP Matthew Chiodo sold 3,000 shares of Gentex stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.82, for a total transaction of $62,460.00. Following the completion of the transaction, the vice president now directly owns 34,454 shares of the company’s stock, valued at $717,332.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Matthew Chiodo also recently made the following trade(s):

  • On Friday, December 28th, Matthew Chiodo purchased 148 shares of Gentex stock. The stock was acquired at an average cost of $16.86 per share, with a total value of $2,495.28.

NASDAQ GNTX opened at $20.70 on Wednesday. Gentex Co. has a one year low of $17.80 and a one year high of $25.41. The stock has a market capitalization of $5.36 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11.

Gentex (NASDAQ:GNTX) last posted its earnings results on Wednesday, January 30th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The firm had revenue of $453.40 million for the quarter, compared to analyst estimates of $477.41 million. Gentex had a net margin of 23.88% and a return on equity of 23.06%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share. Analysts anticipate that Gentex Co. will post 1.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.22%. This is a positive change from Gentex’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, April 9th. Gentex’s payout ratio is presently 27.16%.

Several research firms have recently commented on GNTX. Zacks Investment Research raised shares of Gentex from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, December 31st. BidaskClub lowered shares of Gentex from a “buy” rating to a “hold” rating in a report on Friday, November 30th. ValuEngine raised shares of Gentex from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Gentex in a report on Wednesday, January 30th. Finally, Jefferies Financial Group began coverage on shares of Gentex in a report on Tuesday, December 4th. They issued a “hold” rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.46.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Gentex by 0.9% during the 4th quarter. BlackRock Inc. now owns 24,277,225 shares of the auto parts company’s stock valued at $490,643,000 after purchasing an additional 227,469 shares during the period. Vanguard Group Inc. boosted its stake in Gentex by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 24,110,056 shares of the auto parts company’s stock valued at $517,401,000 after purchasing an additional 272,847 shares during the period. Vanguard Group Inc boosted its stake in Gentex by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 24,110,056 shares of the auto parts company’s stock valued at $517,401,000 after purchasing an additional 272,847 shares during the period. Dimensional Fund Advisors LP boosted its stake in Gentex by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,119,321 shares of the auto parts company’s stock valued at $123,669,000 after purchasing an additional 283,696 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Gentex by 24.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,966,771 shares of the auto parts company’s stock valued at $106,585,000 after purchasing an additional 976,219 shares during the period. 83.35% of the stock is owned by hedge funds and other institutional investors.

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About Gentex

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

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