Barclays PLC Sells 20,770 Shares of Gentex Co. (NASDAQ:GNTX)

Barclays PLC trimmed its position in Gentex Co. (NASDAQ:GNTXFree Report) by 15.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 117,796 shares of the auto parts company’s stock after selling 20,770 shares during the period. Barclays PLC owned about 0.05% of Gentex worth $3,834,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GNTX. Belpointe Asset Management LLC boosted its stake in shares of Gentex by 414.3% in the first quarter. Belpointe Asset Management LLC now owns 900 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 725 shares during the last quarter. Quent Capital LLC boosted its stake in Gentex by 209.0% during the 3rd quarter. Quent Capital LLC now owns 1,749 shares of the auto parts company’s stock worth $57,000 after purchasing an additional 1,183 shares during the last quarter. Covestor Ltd grew 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 buying an additional 834 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Gentex by 31.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,774 shares of the auto parts company’s stock valued at $78,000 after buying an additional 667 shares during the last quarter. Finally, Wahed Invest LLC lifted its stake in shares of Gentex by 12.1% in the second quarter. Wahed Invest LLC now owns 3,401 shares of the auto parts company’s stock worth $100,000 after buying an additional 368 shares in the last quarter. 84.60% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Trading Up 1.2 %

NASDAQ GNTX opened at $35.32 on Monday. The stock has a market cap of $8.24 billion, a PE ratio of 19.20, a P/E/G ratio of 0.94 and a beta of 0.97. Gentex Co. has a twelve month low of $25.77 and a twelve month high of $35.35. The stock has a fifty day simple moving average of $32.45 and a 200-day simple moving average of $31.88.

Gentex (NASDAQ:GNTXGet Free Report) last issued its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 EPS for the quarter, topping 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 prior year, the business posted $0.37 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Research analysts predict that Gentex Co. will post 2.17 EPS for the current year.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, January 5th were issued a $0.12 dividend. The ex-dividend date was Thursday, January 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.36%. Gentex’s dividend payout ratio is presently 26.09%.

Insider Buying and Selling

In other Gentex 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 sale, the director now directly owns 62,555 shares in the company, valued at $2,122,491.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on GNTX shares. The Goldman Sachs Group increased their price objective on shares of Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, January 29th. JPMorgan Chase & Co. lifted their price objective on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. StockNews.com cut Gentex from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, B. Riley lifted their price target on Gentex from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Gentex presently has a consensus rating of “Hold” and a consensus price target of $36.80.

Check Out Our Latest Stock Analysis on GNTX

Gentex 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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