Kapitalo Investimentos Ltda Decreases Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Kapitalo Investimentos Ltda trimmed its position in Gentex Co. (NASDAQ:GNTX) by 41.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,421 shares of the auto parts company’s stock after selling 2,397 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Gentex were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GNTX. Wellington Management Group LLP increased its stake in shares of Gentex by 95.4% in the third quarter. Wellington Management Group LLP now owns 6,823,022 shares of the auto parts company’s stock worth $222,021,000 after buying an additional 3,330,502 shares during the period. Norges Bank purchased a new position in Gentex during the 4th quarter valued at $89,843,000. First Trust Advisors LP increased its position in Gentex by 301.6% during the 4th quarter. First Trust Advisors LP now owns 2,568,775 shares of the auto parts company’s stock valued at $83,896,000 after purchasing an additional 1,929,150 shares during the period. TD Asset Management Inc increased its position in Gentex by 58.1% during the 4th quarter. TD Asset Management Inc now owns 3,313,757 shares of the auto parts company’s stock valued at $108,227,000 after purchasing an additional 1,217,278 shares during the period. Finally, Schroder Investment Management Group increased its position in Gentex by 14.9% during the 4th quarter. Schroder Investment Management Group now owns 2,706,826 shares of the auto parts company’s stock valued at $88,405,000 after purchasing an additional 350,321 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Trading Down 0.4 %

Shares of GNTX stock opened at $34.09 on Thursday. Gentex Co. has a 12 month low of $27.04 and a 12 month high of $37.58. The stock has a market cap of $7.88 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 0.96 and a beta of 0.97. The company’s fifty day moving average price is $34.40 and its 200-day moving average price is $34.20.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $590.23 million during the quarter, compared to the consensus estimate of $600.38 million. Gentex had a return on equity of 19.19% and a net margin of 18.77%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, sell-side analysts forecast that Gentex Co. will post 2.11 earnings per share for the current fiscal year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, July 5th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, July 5th. Gentex’s payout ratio is 25.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GNTX shares. B. Riley boosted their price objective on shares of Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Guggenheim boosted their price objective on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a report on Sunday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Gentex currently has a consensus rating of “Moderate Buy” and an average price target of $37.83.

Insider Buying and Selling

In related news, Director Joseph B. Anderson, Jr. sold 4,716 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $34.46, for a total value of $162,513.36. Following the transaction, the director now owns 3,764 shares in the company, valued at approximately $129,707.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Gentex Profile

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, Republic of Korea, 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.