Gentex Co. (NASDAQ:GNTX) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its stake in Gentex Co. (NASDAQ:GNTX) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 154,931 shares of the auto parts company’s stock after buying an additional 2,122 shares during the quarter. Amalgamated Bank’s holdings in Gentex were worth $5,060,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GNTX. VisionPoint Advisory Group LLC lifted its position in shares of Gentex by 123.6% during the third 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 last quarter. GAMMA Investing LLC acquired a new position in shares of Gentex during the fourth quarter worth approximately $46,000. Global Retirement Partners LLC boosted its position in shares of Gentex by 371.3% during the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock worth $89,000 after buying an additional 2,157 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Gentex by 283.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,066 shares of the auto parts company’s stock worth $100,000 after buying an additional 2,266 shares during the period. Finally, Lavaca Capital LLC acquired a new position in shares of Gentex during the third quarter worth approximately $206,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Trading Up 1.2 %

Shares of NASDAQ:GNTX opened at $34.55 on Tuesday. The stock has a market capitalization of $7.99 billion, a PE ratio of 18.28, a P/E/G ratio of 0.75 and a beta of 0.98. Gentex Co. has a 1 year low of $25.86 and a 1 year high of $37.58. The firm has a fifty day moving average price of $35.52 and a 200 day moving average price of $33.24.

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

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.39%. Gentex’s dividend payout ratio is currently 25.40%.

Wall Street Analysts Forecast Growth

GNTX has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. StockNews.com raised Gentex from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. B. Riley boosted their target price on shares of Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Guggenheim boosted their target price on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Gentex currently has an average rating of “Moderate Buy” and an average price target of $37.83.

Insider Activity

In other news, CFO Kevin C. Nash sold 13,500 shares of Gentex stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total transaction of $446,040.00. Following the sale, the chief financial officer now directly owns 44,321 shares in the company, valued at approximately $1,464,365.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

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.