Ariel Investments LLC has recently announced that it has increased stake in Gentex Corporation (NASDAQ:GNTX) by 0.90%. After grabbing 8.93 million shares, the institutional investor is now in possession of 79694.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 3.81% having worth around $246.43 million. Moreover, Edgepoint Investment Group, Inc. increased its share by 9140.0 to have a control over 8.63 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.1 million shares by acquiring 6.89 million shares or 2.94% of the stake.
Gentex Corporation (GNTX) concluded trading on 05/25/23 at a closing price of $26.61, with 1.05 million shares of worth about $27.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.86% during that period and on Thursday the price saw a gain of about 0.04%. Currently the company’s common shares owned by public are about 233.70M shares, out of which, 232.59M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the GNTX stock and their offered price forecasts bring an average price target of $31.78. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $35.00 and could fall to a lowest price of $26.00. The stock’s current price level is 16.48% above of average price target set by the analysts, while a rise to estimated low would result in loss of -2.35% for the stock. However, touching the estimated high of $35.00 would mean a gain of 23.97% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 35 times over the past 12 months. They bought 180,273 shares in 18 of the transactions. In 17 selling transactions, insiders dumped 106,482 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Gentex Corporation iShares Core S&P Mid Cap ETF is currently holding 7.32 million shares of worth totaling $201.96 million. The company recently came buying 26148.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 2124.0 shares, after which its hold over company’s outstanding shares expand to 3.10%, leaving 7.26 million shares with the mutual fund that have a worth of about $200.34 million. Vanguard Small Cap Index Fund, after selling 6.13 million shares, have now control over 2.62% of the stake in the company. It holds 1500.0 shares of worth $169.01 million.
Gentex Corporation (NASDAQ: GNTX) started trading at $26.52, below -$0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 26.78, or with a gain of 0.04%. Stock saw a price change of -5.44% in past 5 days and over the past one month there was a price change of 1.29%. Year-to-date (YTD), GNTX shares are showing a performance of -2.42% which decreased to -9.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.28 but also hit the highest price of $31.48 during that period. The average intraday trading volume for Gentex Corporation shares is 1.12 million. The stock is currently trading -4.21% below its 20-day simple moving average (SMA20), while that difference is down -2.69% for SMA50 and it goes to -2.71% lower than SMA200.
Ariel Investments LLC acquired 8.93 million shares of Gentex Corporation having value of about $246.43 million. Data submitted at the U.S SEC by Ariel Investments LLC revealed that the firm now holds 79694.0 shares in the company valued at close to $2120657.34, or have control over 0.90% stake in the company. Gentex Corporation (NASDAQ: GNTX) currently have 233.70M outstanding shares and institutions hold larger chunk of about 88.80% of that. Holding of mutual funds in the company is about 38.50% while other institutional holders and individual stake holders have control over 49.07% and 0.98% of the stake respectively.
The stock has a current market capitalization of $6.25B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 18.94, while it has posted earnings per share of $1.41 in the same period. Its PEG reads 1.20 and has Quick Ratio of 2.00 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GNTX, volatility over the week remained 1.80% while standing at 2.02% over the month.
Analysts are in expectations that Gentex Corporation (GNTX) stock would likely to be making an EPS of $0.4 in the current quarter, while forecast for next quarter EPS is $0.42 and it is $2.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.37 which is $0.43 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -9.60% while it is estimated to increase by 24.64% in next year. EPS is likely to grow at an annualized rate of 15.80% for next 5-years, compared to annual growth of -2.50% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Gentex Corporation (GNTX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 11 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
