Everpar Advisors LLC Takes $330,000 Position in Gentex Co. (NASDAQ:GNTX)

Everpar Advisors LLC purchased a new stake in shares of Gentex Co. (NASDAQ:GNTX) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,111 shares of the auto parts company’s stock, valued at approximately $330,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Bank of Canada FI lifted its position in shares of Gentex by 159.1% during the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 571 shares during the period. VisionPoint Advisory Group LLC lifted its position in shares of Gentex by 123.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 665 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Gentex during the 4th quarter valued at approximately $46,000. Global Retirement Partners LLC increased its stake in shares of Gentex by 371.3% during the 4th quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 2,157 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Gentex by 283.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,066 shares of the auto parts company’s stock worth $100,000 after purchasing an additional 2,266 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Gentex Price Performance

GNTX stock traded up $0.20 during midday trading on Wednesday, hitting $34.86. The stock had a trading volume of 1,413,204 shares, compared to its average volume of 1,428,140. The firm has a market cap of $8.06 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. Gentex Co. has a 12-month low of $25.86 and a 12-month high of $37.58. The company’s 50-day moving average price is $35.46 and its 200 day moving average price is $33.28.

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

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were issued 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 1.38%. Gentex’s dividend payout ratio (DPR) is presently 25.40%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GNTX shares. B. Riley raised their price objective on shares of Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Guggenheim raised their price objective on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. StockNews.com raised shares of Gentex from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, The Goldman Sachs Group lifted their target price on shares of Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.83.

Insider Buying and Selling at Gentex

In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of Gentex stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the transaction, the chief financial officer now 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 can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

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.