Quantbot Technologies LP Sells 5,783 Shares of Gentex Co. (NASDAQ:GNTX)

Quantbot Technologies LP cut its holdings in Gentex Co. (NASDAQ:GNTXFree Report) by 25.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,853 shares of the auto parts company’s stock after selling 5,783 shares during the quarter. Quantbot Technologies LP’s holdings in Gentex were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Belpointe Asset Management LLC boosted its position in shares of Gentex by 414.3% during the first quarter. Belpointe Asset Management LLC now owns 900 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 725 shares in the last quarter. Covestor Ltd raised its holdings in shares of Gentex by 79.2% during the first quarter. Covestor Ltd now owns 1,887 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 834 shares during the period. Quent Capital LLC raised its holdings in shares of Gentex by 209.0% during the third quarter. Quent Capital LLC now owns 1,749 shares of the auto parts company’s stock worth $57,000 after acquiring an additional 1,183 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Gentex by 31.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 2,774 shares of the auto parts company’s stock worth $78,000 after acquiring an additional 667 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Gentex during the fourth quarter worth $93,000. 84.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GNTX has been the topic of a number of research analyst reports. 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 report on Thursday, January 25th. B. Riley raised their price objective on shares of Gentex from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, January 29th. The Goldman Sachs Group raised their price objective on shares of Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Gentex presently has an average rating of “Hold” and an average price target of $36.80.

View Our Latest Research Report on Gentex

Insider Transactions at Gentex

In other news, Director Richard O. Schaum sold 6,022 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the transaction, the director now directly owns 62,555 shares in the company, valued at approximately $2,122,491.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by company insiders.

Gentex Trading Up 1.8 %

Shares of GNTX stock opened at $34.50 on Wednesday. Gentex Co. has a 1 year low of $25.77 and a 1 year high of $34.55. The firm’s fifty day moving average price is $32.19 and its two-hundred day moving average price is $31.80. The firm has a market capitalization of $8.05 billion, a P/E ratio of 18.75, a PEG ratio of 0.72 and a beta of 0.97.

Gentex (NASDAQ:GNTXGet Free Report) last issued its quarterly earnings results on Friday, January 26th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The firm had revenue of $589.13 million for the quarter, compared to analyst estimates of $563.42 million. During the same period in the previous year, the business earned $0.37 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts forecast that Gentex Co. will post 2.18 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, January 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, January 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. Gentex’s dividend payout ratio is presently 26.09%.

Gentex Company Profile

(Free Report)

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, 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.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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