Gentex Corporation (NASDAQ:GNTX) Stake Held by Shell Asset Management Co.

Shell Asset Management Co. maintained its position in shares of Gentex Corporation (NASDAQ:GNTX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,666 shares of the auto parts company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Gentex Corporation were worth $1,113,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Gentex Corporation by 9.1% in the first quarter. Quadrant Capital Group LLC now owns 5,660 shares of the auto parts company’s stock worth $117,000 after buying an additional 471 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Gentex Corporation by 11.4% in the first quarter. Asset Management One Co. Ltd. now owns 8,500 shares of the auto parts company’s stock worth $181,000 after buying an additional 870 shares during the period. BB&T Corp purchased a new position in shares of Gentex Corporation during the first quarter worth approximately $200,000. Reynders McVeigh Capital Management LLC purchased a new position in shares of Gentex Corporation during the first quarter worth approximately $204,000. Finally, LVM Capital Management Ltd. MI purchased a new position in shares of Gentex Corporation during the second quarter worth approximately $194,000. Institutional investors own 82.40% of the company’s stock.

Shares of Gentex Corporation (NASDAQ:GNTX) opened at 17.25 on Monday. Gentex Corporation has a 52-week low of $16.06 and a 52-week high of $22.12. The firm has a 50-day moving average price of $18.31 and a 200-day moving average price of $19.88. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 13.69 and a beta of 1.18.

Gentex Corporation (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, July 21st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. Gentex Corporation had a net margin of 21.01% and a return on equity of 18.95%. The firm had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $446.36 million. During the same period last year, the firm posted $0.30 EPS. Gentex Corporation’s revenue was up 4.6% on a year-over-year basis. Analysts predict that Gentex Corporation will post $1.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Thursday, July 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Monday, July 3rd. This is an increase from Gentex Corporation’s previous quarterly dividend of $0.09. Gentex Corporation’s payout ratio is 31.50%.

A number of brokerages recently commented on GNTX. BidaskClub cut Gentex Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. FBR & Co restated an “outperform” rating and set a $25.00 target price on shares of Gentex Corporation in a report on Monday, July 24th. Craig Hallum cut Gentex Corporation from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a report on Monday, July 24th. BMO Capital Markets restated an “outperform” rating and set a $22.00 target price (down from $25.00) on shares of Gentex Corporation in a report on Monday, July 24th. Finally, Wellington Shields cut Gentex Corporation from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.75.

In other Gentex Corporation news, Director John A. Mulder sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $19.22, for a total transaction of $192,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

Gentex Corporation Company Profile

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.

Want to see what other hedge funds are holding GNTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentex Corporation (NASDAQ:GNTX).