Advisor Group Inc. lowered its stake in shares of Gentex Corporation (NASDAQ:GNTX) by 19.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,327 shares of the auto parts company’s stock after selling 8,395 shares during the period. Advisor Group Inc.’s holdings in Gentex Corporation were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in GNTX. Creative Planning increased its stake in shares of Gentex Corporation by 35.1% during the second quarter. Creative Planning now owns 21,559 shares of the auto parts company’s stock worth $409,000 after purchasing an additional 5,605 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Gentex Corporation by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 105,797 shares of the auto parts company’s stock worth $2,007,000 after purchasing an additional 4,433 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Gentex Corporation by 17.4% during the second quarter. LS Investment Advisors LLC now owns 25,940 shares of the auto parts company’s stock worth $492,000 after purchasing an additional 3,839 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Gentex Corporation by 6.6% during the second quarter. Nisa Investment Advisors LLC now owns 161,820 shares of the auto parts company’s stock worth $3,070,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Gentex Corporation by 4.3% during the second quarter. Aperio Group LLC now owns 75,224 shares of the auto parts company’s stock worth $1,427,000 after purchasing an additional 3,101 shares in the last quarter. 81.02% of the stock is owned by institutional investors and hedge funds.

In other Gentex Corporation news, insider Kevin C. Nash sold 4,320 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total value of $85,104.00. Following the transaction, the insider now directly owns 30,732 shares in the company, valued at approximately $605,420.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven R. Downing sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total transaction of $157,600.00. Following the completion of the transaction, the chief financial officer now owns 47,362 shares in the company, valued at $933,031.40. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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Gentex Corporation (NASDAQ GNTX) opened at $19.39 on Thursday. The firm has a market cap of $5,470.81, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. Gentex Corporation has a fifty-two week low of $16.59 and a fifty-two week high of $22.12.

Gentex Corporation (NASDAQ:GNTX) last posted its earnings results on Friday, October 20th. The auto parts company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $438.63 million for the quarter, compared to analyst estimates of $452.42 million. Gentex Corporation had a net margin of 20.80% and a return on equity of 18.45%. Gentex Corporation’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. research analysts expect that Gentex Corporation will post 1.27 EPS for the current year.

Gentex Corporation declared that its board has authorized a stock repurchase plan on Wednesday, August 23rd that permits the company to repurchase 15,000,000 outstanding shares. This repurchase authorization permits the auto parts company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

GNTX has been the topic of a number of recent research reports. BidaskClub lowered shares of Gentex Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Robert W. Baird upgraded shares of Gentex Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $17.36 to $22.00 in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Gentex Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. ValuEngine lowered shares of Gentex Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, KeyCorp restated a “buy” rating and set a $25.00 price target on shares of Gentex Corporation in a research report on Sunday, October 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.06.

Gentex Corporation Company Profile

Gentex Corporation designs and manufactures automatic-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. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.

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Institutional Ownership by Quarter for Gentex Corporation (NASDAQ:GNTX)

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