5,164 Shares in Gentex Co. (NASDAQ:GNTX) Purchased by RBA Wealth Management LLC


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RBA Wealth Management LLC acquired a new position in shares of Gentex Co. (NASDAQ:GNTX) in the first quarter, HoldingsChannel reports. The firm acquired 5,164 shares of the auto parts company’s stock, valued at approximately $184,000.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in Gentex during the 4th quarter worth about $28,000. Fieldpoint Private Securities LLC purchased a new stake in Gentex in the 4th quarter valued at about $29,000. Alpha Paradigm Partners LLC purchased a new stake in Gentex in the 4th quarter valued at about $35,000. Private Capital Group LLC grew its holdings in Gentex by 49.4% in the 1st quarter. Private Capital Group LLC now owns 1,180 shares of the auto parts company’s stock valued at $42,000 after buying an additional 390 shares during the period. Finally, Capital Asset Advisory Services LLC purchased a new stake in Gentex in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

In other Gentex news, CTO Neil Boehm sold 2,053 shares of the company’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $35.66, for a total value of $73,209.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John A. Mulder sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $34.90, for a total value of $244,300.00. Following the completion of the transaction, the director now directly owns 41,365 shares in the company, valued at $1,443,638.50. The disclosure for this sale can be found here. Insiders have sold a total of 43,926 shares of company stock worth $1,559,307 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

GNTX has been the subject of several recent analyst reports. Zacks Investment Research upgraded Gentex from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, February 3rd. KeyCorp lifted their price target on Gentex from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, January 25th. Seaport Global Securities began coverage on Gentex in a report on Thursday, January 28th. They issued a “neutral” rating for the company. Finally, B. Riley lifted their price objective on Gentex from $38.75 to $40.00 and gave the company a “buy” rating in a research note on Monday, February 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.13.

Gentex stock traded up $0.37 during midday trading on Friday, hitting $36.22. 9,553 shares of the company were exchanged, compared to its average volume of 1,582,052. The company’s fifty day moving average price is $35.77 and its 200-day moving average price is $33.24. The company has a market cap of $8.79 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 7.13 and a beta of 1.15. Gentex Co. has a fifty-two week low of $22.30 and a fifty-two week high of $37.75.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Thursday, January 28th. The auto parts company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. The firm had revenue of $529.60 million for the quarter, compared to analyst estimates of $482.66 million. Gentex had a return on equity of 16.59% and a net margin of 18.96%. Gentex’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. On average, sell-side analysts predict that Gentex Co. will post 1.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 21st. Investors of record on Friday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, April 8th. Gentex’s dividend payout ratio (DPR) is presently 28.92%.

Gentex Company Profile

Gentex Corp. is a technology company, which engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products. The firm operates through Automotive Products and Other segments. The Automotive Products segment operates in virtually all of the foregoing facilities.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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