Gentex Corporation (GNTX) Holdings Increased by Northern Trust Corp

Northern Trust Corp raised its position in Gentex Corporation (NASDAQ:GNTX) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,480,589 shares of the auto parts company’s stock after acquiring an additional 10,589 shares during the quarter. Northern Trust Corp owned approximately 0.87% of Gentex Corporation worth $47,057,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GNTX. Russell Investments Group Ltd. lifted its stake in Gentex Corporation by 17.8% in the first quarter. Russell Investments Group Ltd. now owns 89,479 shares of the auto parts company’s stock valued at $1,910,000 after acquiring an additional 13,542 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Gentex Corporation by 4.5% in the first quarter. JPMorgan Chase & Co. now owns 303,002 shares of the auto parts company’s stock valued at $6,463,000 after acquiring an additional 13,006 shares during the last quarter. Prudential Financial Inc. lifted its stake in Gentex Corporation by 7.6% in the first quarter. Prudential Financial Inc. now owns 178,020 shares of the auto parts company’s stock valued at $3,797,000 after acquiring an additional 12,550 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Gentex Corporation by 21.1% in the first quarter. Victory Capital Management Inc. now owns 60,645 shares of the auto parts company’s stock valued at $1,294,000 after acquiring an additional 10,580 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Gentex Corporation by 11.4% in the first quarter. Asset Management One Co. Ltd. now owns 8,500 shares of the auto parts company’s stock valued at $181,000 after acquiring an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 80.83% of the company’s stock.

Gentex Corporation (NASDAQ GNTX) opened at 20.15 on Tuesday. The stock has a 50 day moving average of $18.94 and a 200 day moving average of $19.00. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 15.99 and a beta of 1.18. Gentex Corporation has a 12 month low of $16.06 and a 12 month high of $22.12.

Gentex Corporation (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, July 21st. The auto parts company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $446.36 million. Gentex Corporation had a return on equity of 18.95% and a net margin of 21.01%. Gentex Corporation’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. Equities analysts anticipate that Gentex Corporation will post $1.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 5th. Gentex Corporation’s dividend payout ratio (DPR) is currently 31.50%.

Gentex Corporation declared that its Board of Directors has authorized a share buyback program on Wednesday, August 23rd that authorizes the company to repurchase 15,000,000 outstanding shares. This repurchase authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In related news, CFO Steven R. Downing sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total value of $157,600.00. Following the transaction, the chief financial officer now directly owns 47,362 shares of the company’s stock, valued at approximately $933,031.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Fred Bauer sold 239,400 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $17.33, for a total transaction of $4,148,802.00. Following the completion of the transaction, the chairman now directly owns 5,771,128 shares in the company, valued at $100,013,648.24. The disclosure for this sale can be found here. Insiders sold a total of 251,720 shares of company stock worth $4,391,506 over the last three months. 2.50% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/gentex-corporation-gntx-holdings-increased-by-northern-trust-corp.html.

A number of brokerages have commented on GNTX. ValuEngine cut shares of Gentex Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Gentex Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research upgraded shares of Gentex Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Robert W. Baird upgraded shares of Gentex Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $17.36 to $22.00 in a research note on Thursday, August 24th. Finally, FBR & Co reiterated an “outperform” rating and issued a $25.00 price target on shares of Gentex Corporation in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold ra

A number of other hedge funds have also recently made changes to their positions in GNTX. Russell Investments Group Ltd. lifted its stake in Gentex Corporation by 17.8% in the first quarter. Russell Investments Group Ltd. now owns 89,479 shares of the auto parts company’s stock valued at $1,910,000 after acquiring an additional 13,542 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Gentex Corporation by 4.5% in the first quarter. JPMorgan Chase & Co. now owns 303,002 shares of the auto parts company’s stock valued at $6,463,000 after acquiring an additional 13,006 shares during the last quarter. Prudential Financial Inc. lifted its stake in Gentex Corporation by 7.6% in the first quarter. Prudential Financial Inc. now owns 178,020 shares of the auto parts company’s stock valued at $3,797,000 after acquiring an additional 12,550 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Gentex Corporation by 21.1% in the first quarter. Victory Capital Management Inc. now owns 60,645 shares of the auto parts company’s stock valued at $1,294,000 after acquiring an additional 10,580 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Gentex Corporation by 11.4% in the first quarter. Asset Management One Co. Ltd. now owns 8,500 shares of the auto parts company’s stock valued at $181,000 after acquiring an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 80.83% of the company’s stock.

Gentex Corporation (NASDAQ GNTX) opened at 20.15 on Tuesday. The stock has a 50 day moving average of $18.94 and a 200 day moving average of $19.00. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 15.99 and a beta of 1.18. Gentex Corporation has a 12 month low of $16.06 and a 12 month high of $22.12.

Gentex Corporation (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, July 21st. The auto parts company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $446.36 million. Gentex Corporation had a return on equity of 18.95% and a net margin of 21.01%. Gentex Corporation’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. Equities analysts anticipate that Gentex Corporation will post $1.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 5th. Gentex Corporation’s dividend payout ratio (DPR) is currently 31.50%.

Gentex Corporation declared that its Board of Directors has authorized a share buyback program on Wednesday, August 23rd that authorizes the company to repurchase 15,000,000 outstanding shares. This repurchase authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In related news, CFO Steven R. Downing sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total value of $157,600.00. Following the transaction, the chief financial officer now directly owns 47,362 shares of the company’s stock, valued at approximately $933,031.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Fred Bauer sold 239,400 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $17.33, for a total transaction of $4,148,802.00. Following the completion of the transaction, the chairman now directly owns 5,771,128 shares in the company, valued at $100,013,648.24. The disclosure for this sale can be found here. Insiders sold a total of 251,720 shares of company stock worth $4,391,506 over the last three months. 2.50% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/gentex-corporation-gntx-holdings-increased-by-northern-trust-corp.html.

A number of brokerages have commented on GNTX. ValuEngine cut shares of Gentex Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Gentex Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research upgraded shares of Gentex Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Robert W. Baird upgraded shares of Gentex Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $17.36 to $22.00 in a research note on Thursday, August 24th. Finally, FBR & Co reiterated an “outperform” rating and issued a $25.00 price target on shares of Gentex Corporation in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.58.

Gentex Corporation Profile

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.

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Institutional Ownership by Quarter for Gentex Corporation (NASDAQ:GNTX)

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