38,941 Shares in Gentex Co. (GNTX) Purchased by BBT Capital Management LLC

BBT Capital Management LLC acquired a new position in shares of Gentex Co. (NASDAQ:GNTX) in the third quarter, Holdings Channel reports. The institutional investor acquired 38,941 shares of the auto parts company’s stock, valued at approximately $836,000.

Several other large investors have also recently modified their holdings of the company. Bruderman Asset Management LLC acquired a new stake in shares of Gentex in the second quarter valued at approximately $112,000. Fort L.P. acquired a new stake in shares of Gentex in the second quarter valued at approximately $115,000. MUFG Americas Holdings Corp raised its position in shares of Gentex by 61.9% in the second quarter. MUFG Americas Holdings Corp now owns 5,665 shares of the auto parts company’s stock valued at $130,000 after buying an additional 2,165 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Gentex in the second quarter valued at approximately $166,000. Finally, GAM Holding AG acquired a new stake in shares of Gentex in the second quarter valued at approximately $218,000. Institutional investors own 86.98% of the company’s stock.

A number of equities research analysts have recently weighed in on GNTX shares. BidaskClub downgraded shares of Gentex from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Wells Fargo & Co reiterated a “buy” rating on shares of Gentex in a research report on Wednesday, November 14th. Zacks Investment Research downgraded shares of Gentex from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Longbow Research set a $28.00 price target on shares of Gentex and gave the company a “buy” rating in a research report on Friday, August 24th. Finally, Craig Hallum reiterated a “hold” rating and issued a $20.00 price target on shares of Gentex in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.50.

In other Gentex news, CFO Kevin C. Nash sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $21.50, for a total transaction of $129,000.00. Following the completion of the transaction, the chief financial officer now directly owns 32,732 shares in the company, valued at $703,738. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have acquired 1,155 shares of company stock valued at $23,237. Company insiders own 0.60% of the company’s stock.

Shares of GNTX opened at $22.35 on Friday. Gentex Co. has a one year low of $17.80 and a one year high of $25.41. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.23 and a beta of 1.12.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, October 19th. The auto parts company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Gentex had a net margin of 25.11% and a return on equity of 21.83%. The business had revenue of $460.25 million during the quarter, compared to the consensus estimate of $465.51 million. During the same period in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Gentex Co. will post 1.65 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “38,941 Shares in Gentex Co. (GNTX) Purchased by BBT Capital Management LLC” was published by WKRB News and is the property of of WKRB News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.wkrb13.com/2018/11/23/38941-shares-in-gentex-co-gntx-purchased-by-bbt-capital-management-llc.html.

Gentex Profile

Gentex Corporation provides automatic-dimming and non-dimming rearview mirrors, and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features 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.

Featured Story: What does RSI mean?

Want to see what other hedge funds are holding GNTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentex Co. (NASDAQ:GNTX).

Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

Receive News & Ratings for Gentex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply