Bernzott Capital Advisors increased its position in shares of Gentex Corporation (NASDAQ:GNTX) by 5.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,228,370 shares of the auto parts company’s stock after buying an additional 61,325 shares during the period. Gentex Corporation makes up about 3.8% of Bernzott Capital Advisors’ holdings, making the stock its 9th largest position. Bernzott Capital Advisors owned approximately 0.43% of Gentex Corporation worth $23,302,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its position in Gentex Corporation by 11.4% in the first quarter. Asset Management One Co. Ltd. now owns 8,500 shares of the auto parts company’s stock worth $181,000 after buying an additional 870 shares during the last quarter. BB&T Corp acquired a new stake in shares of Gentex Corporation during the first quarter valued at about $200,000. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Gentex Corporation during the first quarter valued at about $204,000. LVM Capital Management Ltd. MI acquired a new stake in shares of Gentex Corporation during the second quarter valued at about $194,000. Finally, HL Financial Services LLC acquired a new stake in shares of Gentex Corporation during the second quarter valued at about $202,000. 81.46% of the stock is currently owned by institutional investors.
Shares of Gentex Corporation (NASDAQ GNTX) opened at 17.43 on Thursday. The stock’s 50 day moving average is $17.90 and its 200 day moving average is $19.60. Gentex Corporation has a 12 month low of $16.06 and a 12 month high of $22.12. The firm has a market cap of $4.98 billion, a PE ratio of 13.83 and a beta of 1.18.
Gentex Corporation (NASDAQ:GNTX) last released its quarterly earnings results on Friday, July 21st. The auto parts company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by $0.01. Gentex Corporation had a return on equity of 18.95% and a net margin of 21.01%. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $446.36 million. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. On average, analysts anticipate that Gentex Corporation will post $1.27 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on GNTX. FBR & Co reissued an “outperform” rating and set a $25.00 price target on shares of Gentex Corporation in a research report on Monday, July 24th. BMO Capital Markets reissued an “outperform” rating and set a $22.00 price target (down previously from $25.00) on shares of Gentex Corporation in a research report on Monday, July 24th. BidaskClub cut shares of Gentex Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Craig Hallum cut shares of Gentex Corporation from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Monday, July 24th. Finally, Wellington Shields cut shares of Gentex Corporation from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.75.
In other Gentex Corporation news, Chairman Fred Bauer sold 239,400 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $17.33, for a total value of $4,148,802.00. Following the transaction, the chairman now directly owns 5,771,128 shares of the company’s stock, valued at approximately $100,013,648.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John A. Mulder sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $19.22, for a total value of $192,200.00. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
About Gentex Corporation
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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