Dana Investment Advisors Inc. Grows Stock Holdings in Gentex Corporation $GNTX

Dana Investment Advisors Inc. grew its position in shares of Gentex Corporation (NASDAQ:GNTX) by 58.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,432 shares of the auto parts company’s stock after buying an additional 38,786 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Gentex were worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in GNTX. Wellington Management Group LLP increased its stake in shares of Gentex by 10.3% in the 3rd quarter. Wellington Management Group LLP now owns 14,828,120 shares of the auto parts company’s stock worth $419,636,000 after purchasing an additional 1,383,203 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Gentex by 21.9% during the third quarter. JPMorgan Chase & Co. now owns 6,725,426 shares of the auto parts company’s stock valued at $190,330,000 after purchasing an additional 1,206,060 shares in the last quarter. Millennium Management LLC lifted its holdings in Gentex by 199.3% during the third quarter. Millennium Management LLC now owns 1,741,518 shares of the auto parts company’s stock valued at $49,285,000 after purchasing an additional 1,159,718 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Gentex during the third quarter valued at approximately $31,926,000. Finally, Caisse de depot et placement du Quebec bought a new position in Gentex in the 3rd quarter worth $22,420,000. 86.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Gentex

In other Gentex news, Director Brian C. Walker sold 5,939 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $22.98, for a total transaction of $136,478.22. Following the sale, the director directly owned 24,205 shares in the company, valued at $556,230.90. This represents a 19.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph B. Anderson, Jr. sold 5,939 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $22.98, for a total value of $136,478.22. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 74,826 shares of company stock valued at $1,827,507. Corporate insiders own 0.55% of the company’s stock.

Gentex Stock Performance

GNTX stock opened at $22.87 on Monday. The firm has a fifty day moving average price of $22.19 and a 200 day moving average price of $23.08. Gentex Corporation has a fifty-two week low of $20.48 and a fifty-two week high of $29.38. The firm has a market cap of $4.87 billion, a PE ratio of 12.85 and a beta of 0.78.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, April 24th. The auto parts company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The firm had revenue of $675.44 million for the quarter, compared to the consensus estimate of $649.42 million. During the same period in the previous year, the firm posted $0.42 EPS. The business’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities analysts predict that Gentex Corporation will post 1.96 EPS for the current year.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, April 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.1%. Gentex’s dividend payout ratio is 26.97%.

Analyst Ratings Changes

Several research analysts recently weighed in on GNTX shares. UBS Group set a $26.00 target price on shares of Gentex in a report on Sunday, April 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gentex in a report on Thursday, January 22nd. Freedom Capital upgraded Gentex to a “strong-buy” rating in a research report on Friday, March 27th. Wall Street Zen upgraded Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, JPMorgan Chase & Co. increased their target price on Gentex from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.83.

About Gentex

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).