Gentex Co. (NASDAQ:GNTX) Shares Acquired by LVZ Advisors Inc.

LVZ Advisors Inc. boosted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 812.9% in the second quarter, HoldingsChannel reports. The firm owned 10,316 shares of the auto parts company’s stock after purchasing an additional 9,186 shares during the quarter. LVZ Advisors Inc.’s holdings in Gentex were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GNTX. Creative Financial Designs Inc. ADV acquired a new position in Gentex during the 1st quarter worth $27,000. Bremer Bank National Association acquired a new position in Gentex during the 1st quarter worth $29,000. Icon Wealth Partners LLC acquired a new position in Gentex during the 1st quarter worth $31,000. Carroll Financial Associates Inc. boosted its position in Gentex by 159.1% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,285 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 789 shares during the period. Finally, Dubuque Bank & Trust Co. acquired a new position in Gentex during the 1st quarter worth $33,000. Institutional investors own 82.74% of the company’s stock.

A number of research analysts have issued reports on GNTX shares. B. Riley set a $6.00 price target on Intevac and gave the stock a “hold” rating in a research report on Friday, July 19th. Longbow Research reiterated a “hold” rating on shares of Cooper Tire & Rubber in a research report on Sunday, July 7th. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research lowered Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Finally, BidaskClub upgraded WSFS Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.66.

Shares of Gentex stock traded up $0.13 during trading on Wednesday, hitting $27.28. The stock had a trading volume of 19,805 shares, compared to its average volume of 1,765,053. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 3.28 and a beta of 1.21. The firm’s fifty day simple moving average is $24.67. Gentex Co. has a fifty-two week low of $17.80 and a fifty-two week high of $27.94.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, July 19th. The auto parts company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $468.71 million during the quarter, compared to analyst estimates of $462.65 million. Gentex had a return on equity of 23.08% and a net margin of 23.28%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, sell-side analysts anticipate that Gentex Co. will post 1.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 10th were issued a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $0.46 annualized dividend and a dividend yield of 1.69%. Gentex’s dividend payout ratio (DPR) is 28.40%.

In other news, insider Steven R. Downing sold 3,810 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $25.32, for a total transaction of $96,469.20. Following the sale, the insider now directly owns 124,078 shares of the company’s stock, valued at $3,141,654.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Scott P. Ryan sold 4,798 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $25.32, for a total value of $121,485.36. Following the sale, the general counsel now directly owns 30,237 shares in the company, valued at $765,600.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,808 shares of company stock valued at $865,749. Insiders own 0.37% of the company’s stock.

Gentex Profile

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.

Further Reading: Retained Earnings

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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