Sigma Planning Corp Has $442,000 Stake in Gentex Co. (NASDAQ:GNTX)

Sigma Planning Corp raised its holdings in Gentex Co. (NASDAQ:GNTX) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,943 shares of the auto parts company’s stock after acquiring an additional 386 shares during the period. Sigma Planning Corp’s holdings in Gentex were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GNTX. Boston Partners acquired a new position in Gentex in the first quarter valued at about $76,910,000. AJO LP lifted its holdings in shares of Gentex by 211.8% in the first quarter. AJO LP now owns 826,995 shares of the auto parts company’s stock valued at $17,102,000 after purchasing an additional 561,747 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Gentex by 2,268.2% in the second quarter. Thoroughbred Financial Services LLC now owns 388,887 shares of the auto parts company’s stock valued at $38,889,000 after purchasing an additional 372,466 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gentex by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 3,950,871 shares of the auto parts company’s stock valued at $79,846,000 after purchasing an additional 303,378 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Gentex by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,119,321 shares of the auto parts company’s stock valued at $123,669,000 after purchasing an additional 283,696 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

GNTX traded up $0.32 on Wednesday, hitting $26.80. 4,325 shares of the company were exchanged, compared to its average volume of 2,052,980. Gentex Co. has a 12 month low of $17.80 and a 12 month high of $27.94. The company has a market cap of $6.82 billion, a PE ratio of 16.57, a PEG ratio of 3.14 and a beta of 1.22. The stock’s fifty day moving average is $25.88 and its 200-day moving average is $22.81.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th were issued a dividend of $0.115 per share. The ex-dividend date was Tuesday, July 9th. This represents a $0.46 annualized dividend and a yield of 1.72%. Gentex’s payout ratio is presently 28.40%.

A number of brokerages have recently commented on GNTX. ValuEngine lowered Gentex from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Longbow Research restated a “hold” rating on shares of Gentex in a report on Sunday, July 7th. Zacks Investment Research upgraded Gentex from a “sell” rating to a “hold” rating and set a $28.00 price target on the stock in a report on Tuesday, July 23rd. B. Riley set a $29.00 price target on Gentex and gave the company a “buy” rating in a report on Friday, July 19th. Finally, BidaskClub upgraded Gentex from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.66.

In other Gentex news, Director James A. Hollars sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $25.32, for a total value of $354,480.00. Following the sale, the director now owns 51,707 shares in the company, valued at $1,309,221.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary F. Goode sold 2,586 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $27.60, for a total value of $71,373.60. Following the completion of the sale, the director now owns 22,989 shares in the company, valued at approximately $634,496.40. The disclosure for this sale can be found here. Insiders have sold 36,394 shares of company stock worth $937,122 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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