PGGM Investments Has $7.20 Million Holdings in Gentex Co. (NASDAQ:GNTX)

PGGM Investments lessened its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,504 shares of the auto parts company’s stock after selling 19,605 shares during the quarter. PGGM Investments owned approximately 0.09% of Gentex worth $7,202,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC increased its position in Gentex by 123.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock worth $39,000 after buying an additional 665 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Gentex in the fourth quarter valued at approximately $46,000. Global Retirement Partners LLC grew its position in shares of Gentex by 371.3% in the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock valued at $89,000 after purchasing an additional 2,157 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Gentex by 283.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,066 shares of the auto parts company’s stock valued at $100,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Lavaca Capital LLC acquired a new position in shares of Gentex in the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Insiders Place Their Bets

In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total transaction of $446,040.00. Following the completion of the sale, the chief financial officer now directly owns 44,321 shares in the company, valued at $1,464,365.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the transaction, the chief financial officer now directly owns 44,321 shares in the company, valued at approximately $1,464,365.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard O. Schaum sold 6,022 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $33.93, for a total value of $204,326.46. Following the completion of the transaction, the director now owns 62,555 shares of the company’s stock, valued at $2,122,491.15. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on GNTX shares. The Goldman Sachs Group upped their target price on Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. StockNews.com raised Gentex from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. B. Riley upped their target price on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. increased their price target on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, Guggenheim increased their price target on Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.83.

Gentex Price Performance

NASDAQ:GNTX traded up $0.06 during trading hours on Friday, reaching $34.71. 2,150,577 shares of the company were exchanged, compared to its average volume of 1,224,465. The business has a 50 day moving average of $35.67 and a 200 day moving average of $33.09. Gentex Co. has a 1-year low of $25.85 and a 1-year high of $37.58. The company has a market capitalization of $8.03 billion, a P/E ratio of 18.86, a P/E/G ratio of 0.73 and a beta of 0.99.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, April 26th. The auto parts company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Gentex had a return on equity of 19.25% and a net margin of 18.63%. The firm had revenue of $590.23 million during the quarter, compared to analysts’ expectations of $600.38 million. During the same period in the prior year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that Gentex Co. will post 2.17 earnings per share for the current fiscal year.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex’s payout ratio is presently 26.09%.

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.