Cambiar Investors LLC Has $10.15 Million Stock Position in Gentex Corporation $GNTX

Cambiar Investors LLC boosted its position in shares of Gentex Corporation (NASDAQ:GNTX) by 65.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 461,347 shares of the auto parts company’s stock after purchasing an additional 183,035 shares during the quarter. Cambiar Investors LLC owned about 0.21% of Gentex worth $10,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. AdvisorShares Investments LLC grew its position in shares of Gentex by 21.5% during the 2nd quarter. AdvisorShares Investments LLC now owns 19,779 shares of the auto parts company’s stock worth $435,000 after buying an additional 3,499 shares during the period. Retirement Systems of Alabama grew its holdings in Gentex by 8.6% during the 2nd quarter. Retirement Systems of Alabama now owns 659,755 shares of the auto parts company’s stock worth $14,508,000 after acquiring an additional 52,502 shares during the period. Hantz Financial Services Inc. grew its holdings in Gentex by 328.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,811 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 3,687 shares during the period. Eubel Brady & Suttman Asset Management Inc. raised its position in shares of Gentex by 31.6% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 886,145 shares of the auto parts company’s stock valued at $19,486,000 after acquiring an additional 212,949 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Gentex by 10.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 248,598 shares of the auto parts company’s stock valued at $5,467,000 after purchasing an additional 23,418 shares during the period. Institutional investors own 86.76% of the company’s stock.

Gentex Stock Performance

Shares of GNTX stock opened at $23.45 on Friday. Gentex Corporation has a 52 week low of $20.28 and a 52 week high of $31.41. The company’s 50 day moving average price is $27.18 and its two-hundred day moving average price is $24.65. The company has a market capitalization of $5.15 billion, a P/E ratio of 13.79 and a beta of 0.84.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, October 24th. The auto parts company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $655.24 million for the quarter, compared to the consensus estimate of $661.10 million. Gentex had a return on equity of 15.86% and a net margin of 15.61%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Gentex has set its FY 2025 guidance at EPS. Analysts forecast that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, October 8th. Gentex’s payout ratio is 28.24%.

Gentex declared that its board has initiated a share buyback program on Wednesday, July 16th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GNTX. The Goldman Sachs Group set a $27.00 price objective on Gentex and gave the stock a “neutral” rating in a research note on Monday, October 27th. UBS Group restated a “neutral” rating and set a $29.00 target price (up from $28.00) on shares of Gentex in a research report on Monday, October 6th. B. Riley increased their price target on shares of Gentex from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Gentex in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $29.00 price objective on shares of Gentex in a report on Monday, October 27th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.29.

Gentex Company 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.