SOA Wealth Advisors LLC. Purchases Shares of 2,204 Gentex Co. (NASDAQ:GNTX)
SOA Wealth Advisors LLC. acquired a new position in shares of Gentex Co. (NASDAQ:GNTX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,204 shares of the auto parts company’s stock, valued at approximately $79,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its holdings in shares of Gentex by 0.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 94,017 shares of the auto parts company’s stock worth $3,190,000 after acquiring an additional 320 shares during the last quarter. Litman Gregory Asset Management LLC lifted its holdings in shares of Gentex by 10.0% during the 4th quarter. Litman Gregory Asset Management LLC now owns 3,870 shares of the auto parts company’s stock worth $131,000 after acquiring an additional 352 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Gentex by 2.2% during the 3rd quarter. ProShare Advisors LLC now owns 17,189 shares of the auto parts company’s stock worth $443,000 after acquiring an additional 372 shares during the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of Gentex by 2.9% during the 4th quarter. Eqis Capital Management Inc. now owns 15,832 shares of the auto parts company’s stock worth $537,000 after acquiring an additional 447 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Gentex by 4.8% during the 3rd quarter. Captrust Financial Advisors now owns 12,694 shares of the auto parts company’s stock worth $331,000 after acquiring an additional 579 shares during the last quarter. 81.53% of the stock is owned by institutional investors.
In related news, Director Gary F. Goode sold 14,000 shares of the business’s stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $35.59, for a total transaction of $498,260.00. Following the sale, the director now owns 38,464 shares of the company’s stock, valued at $1,368,933.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Mulder sold 7,000 shares of the business’s stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $34.90, for a total transaction of $244,300.00. Following the sale, the director now directly owns 41,365 shares in the company, valued at approximately $1,443,638.50. The disclosure for this sale can be found here. Insiders have sold 43,926 shares of company stock worth $1,559,307 in the last quarter. 0.37% of the stock is owned by corporate insiders.
Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Thursday, January 28th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. Gentex had a net margin of 18.96% and a return on equity of 16.59%. The company had revenue of $529.60 million for the quarter, compared to analysts’ expectations of $482.66 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. Gentex’s quarterly revenue was up 19.3% on a year-over-year basis. On average, research analysts expect that Gentex Co. will post 1.36 EPS 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 dividend yield of 1.34%. The ex-dividend date is Thursday, April 8th. Gentex’s dividend payout ratio is currently 28.92%.
A number of analysts have recently issued reports on the stock. B. Riley lifted their price objective on shares of Gentex from $38.75 to $40.00 and gave the stock a “buy” rating in a report on Monday, February 1st. Zacks Investment Research upgraded shares of Gentex from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, February 3rd. KeyCorp lifted their target price on shares of Gentex from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 25th. Finally, Seaport Global Securities began coverage on shares of Gentex in a research report on Thursday, January 28th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $30.67.
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.
See Also: Trading on Margin
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).
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.