Landscape Capital Management L.L.C. Grows Holdings in Gentex Corporation $GNTX

Landscape Capital Management L.L.C. grew its holdings in shares of Gentex Corporation (NASDAQ:GNTX) by 96.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,971 shares of the auto parts company’s stock after buying an additional 32,817 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Gentex were worth $1,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GNTX. Bank of Montreal Can boosted its stake in shares of Gentex by 14,398.7% during the 4th quarter. Bank of Montreal Can now owns 7,726,057 shares of the auto parts company’s stock valued at $179,785,000 after buying an additional 7,672,769 shares during the last quarter. Norges Bank purchased a new position in shares of Gentex during the 4th quarter valued at approximately $52,767,000. Wellington Management Group LLP boosted its stake in shares of Gentex by 10.3% during the 3rd quarter. Wellington Management Group LLP now owns 14,828,120 shares of the auto parts company’s stock valued at $419,636,000 after buying an additional 1,383,203 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Gentex by 25.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,629,380 shares of the auto parts company’s stock valued at $154,271,000 after buying an additional 1,349,445 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Gentex by 118.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,460,139 shares of the auto parts company’s stock valued at $57,247,000 after buying an additional 1,331,998 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Brian C. Walker 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 transaction of $136,478.22. Following the transaction, the director directly owned 24,205 shares of the company’s stock, valued at approximately $556,230.90. This trade represents a 19.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph B. Anderson, Jr. sold 5,939 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 16,693 shares of company stock valued at $385,194. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GNTX. B. Riley Financial reiterated a “buy” rating and set a $29.00 target price (up from $28.00) on shares of Gentex in a research note on Monday, April 27th. UBS Group set a $26.00 price target on Gentex in a research report on Sunday, April 26th. JPMorgan Chase & Co. upped their price target on Gentex from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gentex in a research report on Tuesday, June 2nd. Finally, Wall Street Zen lowered Gentex from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.83.

Gentex Price Performance

Shares of NASDAQ GNTX opened at $26.04 on Tuesday. Gentex Corporation has a 1-year low of $20.48 and a 1-year high of $29.38. The business’s fifty day moving average price is $23.37 and its two-hundred day moving average price is $23.27. The firm has a market capitalization of $5.55 billion, a PE ratio of 14.63 and a beta of 0.79.

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

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, July 8th. Gentex’s dividend payout ratio (DPR) is 26.97%.

Gentex Company Profile

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).