James H. Wallace Sells 12,000 Shares of Gentex Co. (GNTX) Stock
Gentex Co. (NASDAQ:GNTX) Director James H. Wallace sold 12,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $23.40, for a total transaction of $280,800.00. Following the transaction, the director now owns 48,304 shares in the company, valued at $1,130,313.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Gentex Co. (NASDAQ GNTX) opened at $22.50 on Friday. Gentex Co. has a fifty-two week low of $16.59 and a fifty-two week high of $24.07. The company has a market cap of $6,714.30, a price-to-earnings ratio of 18.48, a PEG ratio of 1.51 and a beta of 1.31.
Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $459.57 million during the quarter, compared to analysts’ expectations of $449.43 million. Gentex had a net margin of 22.66% and a return on equity of 18.35%. Gentex’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. sell-side analysts forecast that Gentex Co. will post 1.62 EPS for the current year.
GNTX has been the topic of several research analyst reports. Longbow Research initiated coverage on shares of Gentex in a report on Friday, January 5th. They set a “buy” rating and a $25.00 price target on the stock. ValuEngine upgraded shares of Gentex from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded shares of Gentex from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, December 26th. B. Riley restated a “buy” rating on shares of Gentex in a report on Wednesday, November 1st. Finally, FBR & Co restated a “buy” rating and set a $25.00 price target on shares of Gentex in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Gentex has an average rating of “Buy” and a consensus price target of $25.50.
A number of large investors have recently modified their holdings of the stock. Alps Advisors Inc. boosted its holdings in Gentex by 13.3% in the third quarter. Alps Advisors Inc. now owns 24,856 shares of the auto parts company’s stock worth $492,000 after purchasing an additional 2,911 shares in the last quarter. Cardinal Capital Management boosted its holdings in Gentex by 12.4% in the third quarter. Cardinal Capital Management now owns 29,466 shares of the auto parts company’s stock worth $583,000 after purchasing an additional 3,257 shares in the last quarter. Kirr Marbach & Co. LLC IN boosted its holdings in Gentex by 0.6% in the third quarter. Kirr Marbach & Co. LLC IN now owns 562,362 shares of the auto parts company’s stock worth $11,135,000 after purchasing an additional 3,541 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Gentex by 1.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 233,169 shares of the auto parts company’s stock worth $4,885,000 after purchasing an additional 3,595 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Gentex by 0.6% in the second quarter. California Public Employees Retirement System now owns 577,700 shares of the auto parts company’s stock worth $10,959,000 after purchasing an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 81.80% of the company’s stock.
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Gentex 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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