Gentex Co. (NASDAQ:GNTX) Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC reduced its position in Gentex Co. (NASDAQ:GNTX) by 26.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,158 shares of the auto parts company’s stock after selling 13,289 shares during the period. BCGM Wealth Management LLC’s holdings in Gentex were worth $1,181,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. National Bank of Canada FI lifted its stake in Gentex by 159.1% in the fourth quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock valued at $30,000 after buying an additional 571 shares during the last quarter. VisionPoint Advisory Group LLC boosted its stake in Gentex by 123.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 665 shares during the period. GAMMA Investing LLC purchased a new position in Gentex during the 4th quarter worth $46,000. Global Retirement Partners LLC increased its stake in Gentex by 371.3% in the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock valued at $89,000 after purchasing an additional 2,157 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Gentex by 283.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,066 shares of the auto parts company’s stock valued at $100,000 after buying an additional 2,266 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Guggenheim boosted their price target on Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. StockNews.com downgraded shares of Gentex from a “buy” rating to a “hold” rating in a research report on Wednesday. B. Riley lifted their target price on shares of Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group boosted their target price on Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Gentex currently has an average rating of “Hold” and a consensus target price of $37.83.

Insider Activity at Gentex

In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the sale, the chief financial officer now owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Gentex Price Performance

Gentex stock traded up $0.03 during mid-day trading on Friday, reaching $34.65. The company had a trading volume of 737,153 shares, compared to its average volume of 1,299,988. The stock’s 50-day simple moving average is $35.18 and its 200-day simple moving average is $33.55. Gentex Co. has a 1 year low of $25.86 and a 1 year high of $37.58. The company has a market capitalization of $8.01 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.76 and a beta of 0.98.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, April 26th. The auto parts company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $590.23 million during the quarter, compared to analysts’ expectations of $600.38 million. Gentex had a net margin of 18.77% and a return on equity of 19.19%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Gentex Co. will post 2.11 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were given a $0.12 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. Gentex’s dividend payout ratio is presently 25.40%.

Gentex Profile

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.