Gentex Co. (NASDAQ:GNTX) – Equities research analysts at Jefferies Financial Group lowered their Q1 2021 earnings estimates for Gentex in a report issued on Tuesday, April 6th. Jefferies Financial Group analyst D. Kelley now expects that the auto parts company will post earnings per share of $0.47 for the quarter, down from their previous estimate of $0.49. Jefferies Financial Group also issued estimates for Gentex’s Q2 2021 earnings at $0.46 EPS, Q3 2021 earnings at $0.51 EPS, Q4 2021 earnings at $0.56 EPS and FY2021 earnings at $1.99 EPS.
Gentex (NASDAQ:GNTX) last announced its earnings results on Thursday, January 28th. The auto parts company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $529.60 million during the quarter, compared to analysts’ expectations of $482.66 million. Gentex had a return on equity of 16.59% and a net margin of 18.96%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share.
NASDAQ GNTX opened at $35.73 on Wednesday. The business has a fifty day moving average price of $35.77 and a 200 day moving average price of $32.83. The company has a market cap of $8.71 billion, a P/E ratio of 29.29, a P/E/G ratio of 7.13 and a beta of 1.15. Gentex has a one year low of $22.10 and a one year high of $37.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of GNTX. Treasurer of the State of North Carolina increased its position in shares of Gentex by 0.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 94,017 shares of the auto parts company’s stock valued at $3,190,000 after acquiring an additional 320 shares during the last quarter. Litman Gregory Asset Management LLC increased its holdings in Gentex by 10.0% in the 4th quarter. Litman Gregory Asset Management LLC now owns 3,870 shares of the auto parts company’s stock valued at $131,000 after purchasing an additional 352 shares during the last quarter. ProShare Advisors LLC raised its position in Gentex by 2.2% in the third quarter. ProShare Advisors LLC now owns 17,189 shares of the auto parts company’s stock valued at $443,000 after purchasing an additional 372 shares during the period. Eqis Capital Management Inc. lifted its stake in Gentex by 2.9% during the fourth quarter. Eqis Capital Management Inc. now owns 15,832 shares of the auto parts company’s stock worth $537,000 after purchasing an additional 447 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Gentex by 4.8% during the third quarter. Captrust Financial Advisors now owns 12,694 shares of the auto parts company’s stock worth $331,000 after buying an additional 579 shares during the period. 81.53% of the stock is currently owned by institutional investors.
In other news, CFO Kevin C. Nash sold 2,922 shares of the stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $35.73, for a total transaction of $104,403.06. Following the completion of the transaction, the chief financial officer now directly owns 27,118 shares in the company, valued at approximately $968,926.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Matthew Chiodo sold 6,851 shares of the firm’s stock in a transaction dated Wednesday, March 31st. The stock was sold at an average price of $35.66, for a total value of $244,306.66. The disclosure for this sale can be found here. Insiders sold 43,926 shares of company stock worth $1,559,307 over the last quarter. 0.37% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 21st. Stockholders of record on Friday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 8th. Gentex’s payout ratio is presently 28.92%.
Gentex Company Profile
Gentex Corp. is a technology company, which engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products. The firm operates through Automotive Products and Other segments. The Automotive Products segment operates in virtually all of the foregoing facilities.
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