CW Advisors LLC Grows Stock Holdings in Gentex Corporation $GNTX

CW Advisors LLC boosted its stake in shares of Gentex Corporation (NASDAQ:GNTX) by 182.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,195 shares of the auto parts company’s stock after purchasing an additional 31,759 shares during the period. CW Advisors LLC’s holdings in Gentex were worth $1,082,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GNTX. Vanguard Group Inc. boosted its stake in shares of Gentex by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,581,938 shares of the auto parts company’s stock worth $526,159,000 after buying an additional 886,785 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Gentex by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,622,237 shares of the auto parts company’s stock valued at $37,798,000 after acquiring an additional 62,137 shares during the period. JPMorgan Chase & Co. boosted its position in Gentex by 46.2% in the first quarter. JPMorgan Chase & Co. now owns 7,673,701 shares of the auto parts company’s stock worth $178,797,000 after purchasing an additional 2,424,471 shares during the last quarter. Invesco Ltd. grew its stake in shares of Gentex by 10.0% during the 1st quarter. Invesco Ltd. now owns 753,036 shares of the auto parts company’s stock valued at $17,546,000 after purchasing an additional 68,642 shares during the period. Finally, Entropy Technologies LP increased its position in shares of Gentex by 88.4% during the 1st quarter. Entropy Technologies LP now owns 19,005 shares of the auto parts company’s stock valued at $443,000 after purchasing an additional 8,915 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Trading Down 0.2%

NASDAQ GNTX opened at $23.17 on Tuesday. Gentex Corporation has a 12 month low of $20.28 and a 12 month high of $31.25. The stock has a market cap of $5.07 billion, a PE ratio of 13.63 and a beta of 0.78. The stock’s 50 day moving average is $24.34 and its 200 day moving average is $24.83.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, October 24th. The auto parts company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). Gentex had a net margin of 15.61% and a return on equity of 15.86%. The company had revenue of $570.32 million for the quarter, compared to the consensus estimate of $661.10 million. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that Gentex Corporation will post 2.04 EPS for the current fiscal year.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, January 7th. Gentex’s dividend payout ratio is 28.24%.

Wall Street Analyst Weigh In

GNTX has been the topic of a number of research reports. UBS Group reissued a “neutral” rating and issued a $29.00 price objective (up previously from $28.00) on shares of Gentex in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gentex in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Gentex from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Robert W. Baird set a $29.00 price objective on Gentex in a research note on Monday, October 27th. Finally, Zacks Research downgraded Gentex from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.29.

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.