West Coast Financial LLC Has $5.16 Million Holdings in Gentex Co. (GNTX)

West Coast Financial LLC boosted its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 66.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 240,438 shares of the auto parts company’s stock after purchasing an additional 95,603 shares during the quarter. Gentex makes up approximately 1.2% of West Coast Financial LLC’s holdings, making the stock its 28th largest holding. West Coast Financial LLC owned about 0.09% of Gentex worth $5,160,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Gentex by 21.3% in the 1st quarter. Russell Investments Group Ltd. now owns 253,557 shares of the auto parts company’s stock valued at $5,822,000 after acquiring an additional 44,560 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Gentex by 44.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 19,800 shares of the auto parts company’s stock valued at $456,000 after acquiring an additional 6,070 shares during the last quarter. UBS Group AG increased its holdings in shares of Gentex by 3.2% in the 1st quarter. UBS Group AG now owns 419,974 shares of the auto parts company’s stock valued at $9,668,000 after acquiring an additional 13,165 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Gentex by 4.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 111,796 shares of the auto parts company’s stock valued at $2,574,000 after acquiring an additional 5,159 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in shares of Gentex by 40.2% in the 1st quarter. Xact Kapitalforvaltning AB now owns 36,966 shares of the auto parts company’s stock valued at $851,000 after acquiring an additional 10,600 shares during the last quarter. Institutional investors own 85.80% of the company’s stock.

In related news, Director Richard O. Schaum acquired 5,000 shares of Gentex stock in a transaction that occurred on Thursday, August 2nd. The stock was acquired at an average price of $22.99 per share, for a total transaction of $114,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kevin C. Nash sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $21.50, for a total value of $129,000.00. Following the transaction, the chief financial officer now owns 32,732 shares of the company’s stock, valued at approximately $703,738. The disclosure for this sale can be found here. Insiders have purchased a total of 5,155 shares of company stock valued at $117,777 in the last 90 days. Insiders own 0.60% of the company’s stock.

GNTX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Gentex from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. BidaskClub downgraded Gentex from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. Longbow Research set a $28.00 price target on Gentex and gave the company a “buy” rating in a report on Friday, August 24th. Finally, ValuEngine downgraded Gentex from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.75.

NASDAQ:GNTX traded up $1.30 during midday trading on Friday, reaching $19.92. 502,129 shares of the company traded hands, compared to its average volume of 2,575,641. Gentex Co. has a twelve month low of $18.51 and a twelve month high of $25.41. The firm has a market capitalization of $5.09 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.04 and a beta of 1.31.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, October 19th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. Gentex had a return on equity of 20.27% and a net margin of 24.25%. The business had revenue of $460.25 million during the quarter, compared to analyst estimates of $465.51 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Gentex Co. will post 1.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, October 5th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, October 4th. This represents a $0.44 dividend on an annualized basis and a yield of 2.21%. Gentex’s dividend payout ratio is currently 34.38%.

Gentex Company Profile

Gentex Corporation provides automatic-dimming and non-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 worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

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Institutional Ownership by Quarter for Gentex (NASDAQ:GNTX)

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