Marshall Financial Group LLC Has $1.06 Million Holdings in Gentex Co. (NASDAQ:GNTX)

Marshall Financial Group LLC boosted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,314 shares of the auto parts company’s stock after buying an additional 2,478 shares during the period. Marshall Financial Group LLC’s holdings in Gentex were worth $1,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. IFG Advisory LLC grew its stake in Gentex by 85.1% during the 4th quarter. IFG Advisory LLC now owns 129,203 shares of the auto parts company’s stock valued at $4,220,000 after acquiring an additional 59,407 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Gentex by 129.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 111,827 shares of the auto parts company’s stock worth $3,652,000 after purchasing an additional 63,152 shares during the period. TD Asset Management Inc boosted its position in Gentex by 58.1% during the fourth quarter. TD Asset Management Inc now owns 3,313,757 shares of the auto parts company’s stock worth $108,227,000 after purchasing an additional 1,217,278 shares during the period. Thematics Asset Management boosted its position in Gentex by 51.2% during the fourth quarter. Thematics Asset Management now owns 523,207 shares of the auto parts company’s stock worth $17,088,000 after purchasing an additional 177,207 shares during the period. Finally, Vanguard Group Inc. boosted its position in Gentex by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 22,280,716 shares of the auto parts company’s stock worth $727,688,000 after purchasing an additional 163,373 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Price Performance

Shares of NASDAQ:GNTX traded down $0.03 during midday trading on Thursday, reaching $33.77. The company’s stock had a trading volume of 842,836 shares, compared to its average volume of 1,581,716. Gentex Co. has a fifty-two week low of $27.86 and a fifty-two week high of $37.58. The company has a market capitalization of $7.81 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.95 and a beta of 0.93. The business’s fifty day simple moving average is $34.32 and its 200-day simple moving average is $34.38.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Gentex had a net margin of 18.77% and a return on equity of 19.19%. The business had revenue of $590.23 million during the quarter, compared to analyst estimates of $600.38 million. During the same quarter last year, the business posted $0.42 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that Gentex Co. will post 2.11 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, July 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. Gentex’s dividend payout ratio (DPR) is presently 25.40%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GNTX. Guggenheim upped their price target on Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. B. Riley upped their target price on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, StockNews.com upgraded Gentex from a “hold” rating to a “buy” rating in a research note on Sunday, June 16th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.83.

Insider Activity

In related news, Director Joseph B. Anderson, Jr. sold 4,716 shares of Gentex stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $34.46, for a total value of $162,513.36. Following the completion of the sale, the director now directly owns 3,764 shares in the company, valued at $129,707.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

About Gentex

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.