Buckhead Capital Management LLC Has $4.33 Million Stock Position in Gentex Co. (NASDAQ:GNTX)

Buckhead Capital Management LLC lifted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,415 shares of the auto parts company’s stock after purchasing an additional 16,978 shares during the quarter. Gentex accounts for 1.6% of Buckhead Capital Management LLC’s holdings, making the stock its 21st biggest holding. Buckhead Capital Management LLC owned approximately 0.06% of Gentex worth $4,325,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Gentex by 95.4% during the 3rd quarter. Wellington Management Group LLP now owns 6,823,022 shares of the auto parts company’s stock worth $222,021,000 after buying an additional 3,330,502 shares during the last quarter. Retirement Systems of Alabama raised its position in Gentex by 61.5% in the fourth quarter. Retirement Systems of Alabama now owns 556,849 shares of the auto parts company’s stock valued at $18,187,000 after purchasing an additional 211,978 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Gentex by 110.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 375,336 shares of the auto parts company’s stock valued at $12,356,000 after purchasing an additional 196,718 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Gentex by 66.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 250,000 shares of the auto parts company’s stock valued at $8,135,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Reinhart Partners LLC. raised its position in Gentex by 10.7% in the fourth quarter. Reinhart Partners LLC. now owns 979,355 shares of the auto parts company’s stock valued at $31,986,000 after purchasing an additional 94,794 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com downgraded Gentex from a “buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group lifted their price objective on Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. B. Riley lifted their price objective on Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price objective on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, Guggenheim lifted their price objective on Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Gentex presently has an average rating of “Hold” and an average target price of $37.83.

Insiders Place Their Bets

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

Gentex Trading Down 1.0 %

Gentex stock traded down $0.34 during trading on Wednesday, hitting $33.96. 1,578,881 shares of the company were exchanged, compared to its average volume of 1,439,082. The business’s 50 day moving average is $35.65 and its 200 day moving average is $33.15. Gentex Co. has a 52 week low of $25.86 and a 52 week high of $37.58. The company has a market capitalization of $7.86 billion, a P/E ratio of 18.15, a PEG ratio of 0.73 and a beta of 0.99.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, April 26th. The auto parts company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $590.23 million for the quarter, compared to analysts’ expectations of $600.38 million. Gentex had a net margin of 18.77% and a return on equity of 19.19%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Equities analysts expect that Gentex Co. will post 2.17 EPS for the current 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 $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. Gentex’s dividend payout ratio is currently 25.40%.

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.