Windsor Advisory Group LLC Makes New Investment in Gentex Corporation $GNTX

Windsor Advisory Group LLC acquired a new position in Gentex Corporation (NASDAQ:GNTX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,232 shares of the auto parts company’s stock, valued at approximately $587,000. Gentex makes up 0.5% of Windsor Advisory Group LLC’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors also recently modified their holdings of the business. Parvin Asset Management LLC increased its stake in shares of Gentex by 380.4% in the 4th quarter. Parvin Asset Management LLC now owns 43,480 shares of the auto parts company’s stock worth $1,012,000 after acquiring an additional 34,430 shares in the last quarter. Harvest Investment Advisors LLC bought a new position in shares of Gentex in the 4th quarter worth about $1,803,000. Captrust Financial Advisors increased its stake in shares of Gentex by 6.4% in the 4th quarter. Captrust Financial Advisors now owns 53,702 shares of the auto parts company’s stock worth $1,250,000 after acquiring an additional 3,240 shares in the last quarter. Fred Alger Management LLC bought a new position in shares of Gentex in the 4th quarter worth about $305,000. Finally, Royal Bank of Canada increased its stake in shares of Gentex by 218.3% in the 4th quarter. Royal Bank of Canada now owns 226,988 shares of the auto parts company’s stock worth $5,282,000 after acquiring an additional 155,683 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Gentex Stock Down 1.2%

Shares of GNTX stock opened at $25.73 on Wednesday. The company has a 50 day moving average price of $23.46 and a 200-day moving average price of $23.29. Gentex Corporation has a 52 week low of $20.48 and a 52 week high of $29.38. The firm has a market capitalization of $5.48 billion, a PE ratio of 14.46 and a beta of 0.79.

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

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, July 8th. Gentex’s payout ratio is 26.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GNTX shares. UBS Group set a $26.00 price target on shares of Gentex in a research note on Sunday, April 26th. Freedom Capital upgraded shares of Gentex to a “strong-buy” rating in a research note on Friday, March 27th. B. Riley Financial restated a “buy” rating and set a $29.00 price objective (up from $28.00) on shares of Gentex in a research note on Monday, April 27th. Robert W. Baird raised their price objective on shares of Gentex from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Finally, Wall Street Zen lowered shares of Gentex from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Gentex presently has a consensus rating of “Hold” and an average target price of $26.83.

Insider Activity at Gentex

In related news, Director Richard O. Schaum sold 4,815 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $23.31, for a total transaction of $112,237.65. Following the completion of the sale, the director directly owned 81,443 shares in the company, valued at approximately $1,898,436.33. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian C. Walker sold 5,939 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.98, for a total transaction of $136,478.22. Following the sale, the director owned 24,205 shares of the company’s stock, valued at $556,230.90. This trade represents a 19.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,693 shares of company stock worth $385,194. 0.55% of the stock is owned by company insiders.

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).