Axa S.A. Has $4.23 Million Holdings in Gentex Co. (NASDAQ:GNTX)

Axa S.A. trimmed its position in Gentex Co. (NASDAQ:GNTX) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,320 shares of the auto parts company’s stock after selling 1,544 shares during the quarter. Axa S.A. owned approximately 0.05% of Gentex worth $4,225,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its stake in Gentex by 8.3% during the 4th quarter. Wells Fargo & Company MN now owns 276,399 shares of the auto parts company’s stock valued at $9,027,000 after purchasing an additional 21,148 shares during the period. Franklin Resources Inc. boosted its position in Gentex by 14.7% during the 4th quarter. Franklin Resources Inc. now owns 93,338 shares of the auto parts company’s stock worth $3,048,000 after acquiring an additional 11,950 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Gentex by 262.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,189 shares of the auto parts company’s stock valued at $169,000 after acquiring an additional 3,759 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Gentex by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 107,246 shares of the auto parts company’s stock valued at $3,503,000 after purchasing an additional 1,019 shares during the period. Finally, TFO Wealth Partners LLC lifted its position in shares of Gentex by 67,727.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,461 shares of the auto parts company’s stock worth $244,000 after purchasing an additional 7,450 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gentex news, major shareholder Corp Gentex acquired 3,152,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $15,762,500.00. Following the completion of the purchase, the insider now owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

GNTX has been the topic of several research reports. StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. JPMorgan Chase & Co. dropped their price target on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Robert W. Baird reduced their price objective on Gentex from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. BNP Paribas downgraded Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Tuesday, July 30th. Finally, B. Riley cut their price target on Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gentex currently has an average rating of “Hold” and an average target price of $36.86.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $30.98 on Monday. The stock has a market capitalization of $7.16 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.99 and a beta of 0.92. The business has a 50-day moving average of $30.28 and a two-hundred day moving average of $33.10. Gentex Co. has a fifty-two week low of $27.86 and a fifty-two week high of $37.58.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, July 26th. The auto parts company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.15). Gentex had a return on equity of 17.78% and a net margin of 17.87%. The company had revenue of $572.93 million during the quarter, compared to analyst estimates of $623.28 million. As a group, research analysts expect that Gentex Co. will post 1.96 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.48 annualized dividend and a yield of 1.55%. Gentex’s dividend payout ratio (DPR) is presently 25.40%.

About Gentex

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.