Gentex Co. (NASDAQ:GNTX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,160 shares of the auto parts company’s stock after selling 7,605 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Gentex worth $4,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hendershot Investments Inc. raised its stake in Gentex by 5.7% during the fourth quarter. Hendershot Investments Inc. now owns 599,372 shares of the auto parts company’s stock worth $19,575,000 after acquiring an additional 32,340 shares during the period. Sequoia Financial Advisors LLC raised its stake in Gentex by 0.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 50,311 shares of the auto parts company’s stock worth $1,643,000 after acquiring an additional 336 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Gentex in the fourth quarter valued at approximately $308,000. Cambiar Investors LLC increased its stake in shares of Gentex by 0.9% in the fourth quarter. Cambiar Investors LLC now owns 460,489 shares of the auto parts company’s stock valued at $15,040,000 after purchasing an additional 3,990 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gentex in the fourth quarter valued at approximately $2,895,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard O. Schaum sold 6,022 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.93, for a total value of $204,326.46. Following the completion of the sale, the director now owns 62,555 shares in the company, valued at approximately $2,122,491.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the sale, the chief financial officer now owns 44,321 shares in the company, valued at approximately $1,464,365.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard O. Schaum sold 6,022 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $33.93, for a total transaction of $204,326.46. Following the completion of the sale, the director now owns 62,555 shares of the company’s stock, valued at approximately $2,122,491.15. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Gentex Stock Performance

Shares of NASDAQ:GNTX opened at $33.94 on Tuesday. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.72 and a beta of 0.99. Gentex Co. has a 1-year low of $25.85 and a 1-year high of $37.58. The company has a 50 day moving average price of $35.80 and a 200 day moving average price of $32.95.

Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $589.13 million during the quarter, compared to analysts’ expectations of $563.42 million. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. On average, sell-side analysts expect that Gentex Co. will post 2.16 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, April 5th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, April 4th. Gentex’s payout ratio is 26.09%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. B. Riley raised their price target on shares of Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group raised their price target on shares of Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Guggenheim raised their price target on shares of Gentex from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Gentex has an average rating of “Moderate Buy” and an average price target of $37.67.

Gentex Company 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.