Cambient Family Office LLC Makes New $666,000 Investment in Gentex Corporation $GNTX

Cambient Family Office LLC bought a new stake in Gentex Corporation (NASDAQ:GNTX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,633 shares of the auto parts company’s stock, valued at approximately $666,000.

Other large investors have also modified their holdings of the company. Clearstead Advisors LLC raised its holdings in Gentex by 82.3% in the 3rd quarter. Clearstead Advisors LLC now owns 2,042 shares of the auto parts company’s stock valued at $58,000 after buying an additional 922 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Gentex by 2,420.7% during the third quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock worth $58,000 after buying an additional 1,985 shares during the period. Arax Advisory Partners purchased a new position in Gentex during the fourth quarter worth about $52,000. Employees Retirement System of Texas acquired a new stake in shares of Gentex during the fourth quarter valued at about $56,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Gentex during the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Price Performance

NASDAQ GNTX opened at $25.95 on Friday. The company has a market cap of $5.53 billion, a P/E ratio of 14.58 and a beta of 0.79. The stock has a 50-day moving average of $23.63 and a two-hundred day moving average of $23.33. Gentex Corporation has a 1-year low of $20.48 and a 1-year high of $29.38.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, April 24th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $0.42 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts anticipate that Gentex Corporation will post 1.96 EPS for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, July 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. Gentex’s dividend payout ratio is 26.97%.

Insiders Place Their Bets

In other Gentex news, Director Joseph B. Anderson, Jr. sold 5,939 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian C. Walker sold 5,939 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $22.98, for a total transaction of $136,478.22. Following the completion of the transaction, the director owned 24,205 shares of the company’s stock, valued at approximately $556,230.90. This trade represents a 19.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,693 shares of company stock worth $385,194 in the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Freedom Capital raised shares of Gentex to a “strong-buy” rating in a research note on Friday, March 27th. UBS Group set a $26.00 price objective on shares of Gentex in a research report on Sunday, April 26th. B. Riley Financial reiterated a “buy” rating and issued a $29.00 target price (up from $28.00) on shares of Gentex in a report on Monday, April 27th. JPMorgan Chase & Co. boosted their target price on Gentex from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Gentex in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Gentex presently has an average rating of “Hold” and a consensus target price 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).