Gentex Corporation $GNTX Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its position in Gentex Corporation (NASDAQ:GNTX) by 59.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,481,131 shares of the auto parts company’s stock after selling 2,152,481 shares during the quarter. Epoch Investment Partners Inc. owned about 0.68% of Gentex worth $34,466,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new position in Gentex in the 3rd quarter valued at $3,613,000. WINTON GROUP Ltd acquired a new position in Gentex in the 3rd quarter valued at $7,258,000. Clark Capital Management Group Inc. acquired a new position in Gentex in the 3rd quarter valued at $8,179,000. Elo Mutual Pension Insurance Co acquired a new position in Gentex in the 3rd quarter valued at $726,000. Finally, JPMorgan Chase & Co. increased its stake in Gentex by 21.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,725,426 shares of the auto parts company’s stock valued at $190,330,000 after buying an additional 1,206,060 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Brian C. Walker sold 5,939 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. Following the sale, the director directly owned 24,205 shares in the company, valued at $556,230.90. The trade was a 19.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph B. Anderson, Jr. sold 5,939 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $22.98, for a total transaction of $136,478.22. The SEC filing for this sale provides additional information. Insiders have sold 16,693 shares of company stock worth $385,194 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Gentex Price Performance

NASDAQ:GNTX opened at $25.86 on Monday. Gentex Corporation has a fifty-two week low of $20.48 and a fifty-two week high of $29.38. The stock has a market cap of $5.51 billion, a PE ratio of 14.53 and a beta of 0.79. The firm’s fifty day simple moving average is $23.28 and its 200-day simple moving average is $23.25.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, April 24th. The auto parts company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The business had revenue of $675.44 million for the quarter, compared to analysts’ expectations of $649.42 million. During the same period in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. Equities analysts anticipate that Gentex Corporation will post 1.96 earnings per share for the current year.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.12 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. Gentex’s payout ratio is currently 26.97%.

Analyst Upgrades and Downgrades

GNTX has been the topic of a number of recent analyst reports. Freedom Capital raised shares of Gentex to a “strong-buy” rating in a research note on Friday, March 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gentex in a research note on Tuesday, June 2nd. UBS Group set a $26.00 price target on shares of Gentex in a research note on Sunday, April 26th. Robert W. Baird upped their price target on shares of Gentex from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Finally, Wall Street Zen cut shares of Gentex from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.83.

About Gentex

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).