Farther Finance Advisors LLC Has $218,000 Stake in Gentex Corporation (NASDAQ:GNTX)

Farther Finance Advisors LLC lifted its position in shares of Gentex Corporation (NASDAQ:GNTX) by 50.1% during the first quarter, Holdings Channel.com reports. The firm owned 9,283 shares of the auto parts company’s stock after purchasing an additional 3,098 shares during the period. Farther Finance Advisors LLC’s holdings in Gentex were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GNTX. JPMorgan Chase & Co. raised its position in shares of Gentex by 162.4% during the fourth quarter. JPMorgan Chase & Co. now owns 5,249,230 shares of the auto parts company’s stock worth $150,810,000 after purchasing an additional 3,248,434 shares during the period. Norges Bank purchased a new stake in Gentex in the 4th quarter valued at $51,959,000. Wellington Management Group LLP raised its position in Gentex by 6.1% in the 4th quarter. Wellington Management Group LLP now owns 18,023,056 shares of the auto parts company’s stock valued at $517,802,000 after buying an additional 1,038,912 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Gentex in the 4th quarter valued at $24,479,000. Finally, American Century Companies Inc. raised its position in Gentex by 66.9% in the 4th quarter. American Century Companies Inc. now owns 1,657,397 shares of the auto parts company’s stock valued at $47,617,000 after buying an additional 664,389 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $21.39 on Thursday. The company has a market capitalization of $4.81 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The business has a fifty day moving average price of $21.82 and a two-hundred day moving average price of $24.74. Gentex Corporation has a 1 year low of $20.28 and a 1 year high of $35.32.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $576.77 million during the quarter, compared to the consensus estimate of $578.68 million. Gentex had a return on equity of 16.11% and a net margin of 17.01%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Sell-side analysts anticipate that Gentex Corporation will post 2.04 earnings per share for the current year.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, July 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.24%. Gentex’s payout ratio is 28.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GNTX shares. Guggenheim lowered their price target on Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on Gentex from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Baird R W lowered Gentex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. UBS Group lowered their price target on Gentex from $29.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $25.00 price target (down from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.31.

Insider Transactions at Gentex

In other news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $22.87, for a total transaction of $86,082.68. Following the completion of the transaction, the director now owns 5,939 shares in the company, valued at approximately $135,824.93. This represents a 38.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.

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.