Foothills Asset Management Ltd. boosted its position in shares of Gentex Co. (NASDAQ:GNTX) by 87.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 166,560 shares of the auto parts company’s stock after buying an additional 77,625 shares during the quarter. Foothills Asset Management Ltd. owned approximately 0.07% of Gentex worth $4,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of GNTX. Norris Perne & French LLP MI raised its holdings in Gentex by 2.9% in the 1st quarter. Norris Perne & French LLP MI now owns 19,431 shares of the auto parts company’s stock worth $402,000 after purchasing an additional 544 shares in the last quarter. Parallel Advisors LLC raised its holdings in Gentex by 23.7% in the 1st quarter. Parallel Advisors LLC now owns 2,857 shares of the auto parts company’s stock worth $59,000 after purchasing an additional 547 shares in the last quarter. Azimuth Capital Management LLC raised its holdings in Gentex by 0.5% in the 1st quarter. Azimuth Capital Management LLC now owns 106,800 shares of the auto parts company’s stock worth $2,209,000 after purchasing an additional 550 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Gentex by 0.4% in the 1st quarter. Mason Street Advisors LLC now owns 137,852 shares of the auto parts company’s stock worth $2,851,000 after purchasing an additional 555 shares in the last quarter. Finally, Strs Ohio raised its holdings in Gentex by 4.1% in the 1st quarter. Strs Ohio now owns 14,086 shares of the auto parts company’s stock worth $291,000 after purchasing an additional 558 shares in the last quarter. Institutional investors own 82.58% of the company’s stock.

In related news, Director James A. Hollars sold 14,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $25.32, for a total value of $354,480.00. Following the completion of the transaction, the director now directly owns 51,707 shares in the company, valued at approximately $1,309,221.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary F. Goode sold 5,045 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $23.20, for a total transaction of $117,044.00. Following the sale, the director now directly owns 21,045 shares in the company, valued at $488,244. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,853 shares of company stock valued at $982,793. 0.37% of the stock is owned by company insiders.

Several research analysts have commented on the stock. ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Longbow Research restated a “hold” rating on shares of Cooper Tire & Rubber in a report on Sunday, July 7th. Zacks Investment Research lowered shares of Phoenix New Media from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. B. Riley set a $6.00 price objective on shares of Intevac and gave the stock a “hold” rating in a report on Friday, July 19th. Finally, BidaskClub lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.66.

Shares of Gentex stock traded up $0.53 during trading on Friday, hitting $27.57. The company’s stock had a trading volume of 1,794,718 shares, compared to its average volume of 1,955,086. The business’s fifty day moving average price is $24.37. The firm has a market capitalization of $7.05 billion, a P/E ratio of 17.02, a PEG ratio of 3.29 and a beta of 1.21. Gentex Co. has a 52 week low of $17.80 and a 52 week high of $27.63.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, July 19th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The company had revenue of $468.71 million during the quarter, compared to analyst estimates of $462.65 million. Gentex had a net margin of 23.28% and a return on equity of 23.08%. Gentex’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. As a group, equities research analysts predict that Gentex Co. will post 1.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th were paid a $0.115 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $0.46 annualized dividend and a dividend yield of 1.67%. Gentex’s payout ratio is 28.40%.

Gentex Profile

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

See Also: Liquidity

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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