Bank of New York Mellon Corp Lowers Stock Holdings in Gentex Corporation $GNTX

Bank of New York Mellon Corp decreased its position in shares of Gentex Corporation (NASDAQ:GNTX) by 4.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,108,700 shares of the auto parts company’s stock after selling 88,731 shares during the quarter. Bank of New York Mellon Corp’s holdings in Gentex were worth $46,075,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GNTX. Anchor Investment Management LLC acquired a new stake in Gentex during the 1st quarter valued at approximately $26,000. AdvisorNet Financial Inc grew its holdings in Gentex by 2,299.0% in the 1st quarter. AdvisorNet Financial Inc now owns 2,399 shares of the auto parts company’s stock valued at $52,000 after buying an additional 2,299 shares in the last quarter. Arax Advisory Partners purchased a new position in shares of Gentex during the 4th quarter worth $52,000. Employees Retirement System of Texas acquired a new position in shares of Gentex during the 4th quarter valued at about $56,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Gentex by 21.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,479 shares of the auto parts company’s stock valued at $58,000 after purchasing an additional 437 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Key Stories Impacting Gentex

Here are the key news stories impacting Gentex this week:

• Positive Sentiment: Gentex reported quarterly EPS of $0.58, above the $0.50 consensus estimate, showing stronger-than-expected profitability. Gentex Tops Q2 Earnings Estimates
• Positive Sentiment: The company reaffirmed its FY2026 and FY2027 outlook and guided revenue above consensus ranges, which suggests management remains confident in longer-term demand. Gentex Warns China Sales Will Keep Falling Through 2027
• Neutral Sentiment: Gentex’s earnings call transcript and earnings snapshots should provide more detail on margin trends, vehicle production assumptions, and management’s commentary, but they are not direct catalysts by themselves. Gentex Corporation Q2 2026 Earnings Call Transcript
• Negative Sentiment: Revenue came in below expectations at $651.3 million versus $669.65 million expected, and the company said China sales are likely to keep declining through 2027, raising concerns about growth. Gentex falls after Q2 revenue miss amid auto sales weakness
• Negative Sentiment: Broader auto-sales weakness and the revenue miss point to softer end-market demand, which is likely pressuring the stock despite the EPS beat.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GNTX shares. Wall Street Zen lowered Gentex from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Freedom Capital upgraded Gentex to a “strong-buy” rating in a research report on Friday, March 27th. UBS Group reiterated a “neutral” rating and issued a $25.00 price objective (down from $26.00) on shares of Gentex in a research report on Thursday, July 9th. Weiss Ratings upgraded Gentex from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Robert W. Baird upped their price objective on shares of Gentex from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Gentex has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Buying and Selling

In other news, Director Richard O. Schaum sold 4,815 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $23.31, for a total value of $112,237.65. Following the completion of the sale, the director directly owned 81,443 shares of the company’s stock, valued at $1,898,436.33. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian C. Walker sold 5,939 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.98, for a total transaction of $136,478.22. Following the transaction, the director directly owned 24,205 shares in the company, valued at $556,230.90. The trade was a 19.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,693 shares of company stock valued at $385,194. Corporate insiders own 0.55% of the company’s stock.

Gentex Stock Down 3.8%

Shares of NASDAQ:GNTX opened at $22.90 on Friday. Gentex Corporation has a fifty-two week low of $20.48 and a fifty-two week high of $29.38. The company has a market cap of $4.88 billion, a PE ratio of 12.87 and a beta of 0.78. The firm has a 50-day simple moving average of $24.49 and a 200 day simple moving average of $23.53.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, July 24th. The auto parts company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $651.30 million for the quarter, compared to analysts’ expectations of $669.65 million. Gentex had a return on equity of 16.27% and a net margin of 14.75%.The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, research analysts forecast that Gentex Corporation will post 1.97 EPS for the current fiscal year.

Gentex Announces Dividend

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

About Gentex

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).