Gentex Co. (NASDAQ:GNTX) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 15.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 86,842 shares of the auto parts company’s stock after purchasing an additional 11,743 shares during the period. Diversified Trust Co’s holdings in Gentex were worth $3,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Synovus Financial Corp raised its holdings in Gentex by 1.7% in the 3rd quarter. Synovus Financial Corp now owns 20,068 shares of the auto parts company’s stock valued at $653,000 after acquiring an additional 333 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Gentex by 0.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 50,311 shares of the auto parts company’s stock worth $1,643,000 after buying an additional 336 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Gentex by 26.3% during the 1st quarter. GAMMA Investing LLC now owns 1,742 shares of the auto parts company’s stock worth $63,000 after buying an additional 363 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Gentex by 0.5% during the 4th quarter. Eagle Asset Management Inc. now owns 69,808 shares of the auto parts company’s stock worth $2,280,000 after buying an additional 373 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in shares of Gentex by 4.3% during the 4th quarter. Raymond James Trust N.A. now owns 10,317 shares of the auto parts company’s stock worth $337,000 after buying an additional 426 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on GNTX shares. B. Riley raised their price target on shares of Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Guggenheim raised their price target on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a report on Sunday, June 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.83.

Insider Transactions at Gentex

In other news, Director Joseph B. Anderson, Jr. sold 4,716 shares of Gentex stock in a transaction on Monday, May 20th. The shares were sold at an average price of $34.46, for a total transaction of $162,513.36. Following the completion of the sale, the director now directly owns 3,764 shares of the company’s stock, valued at approximately $129,707.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Gentex Stock Performance

Gentex stock opened at $33.61 on Tuesday. Gentex Co. has a fifty-two week low of $27.86 and a fifty-two week high of $37.58. The firm has a 50 day moving average price of $34.38 and a 200 day moving average price of $34.36. The company has a market capitalization of $7.77 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93.

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

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, July 5th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.48 annualized dividend and a yield of 1.43%. Gentex’s dividend payout ratio is presently 25.40%.

Gentex 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.