On May 23, 2023, it was announced that Chevy Chase Trust Holdings LLC had recently reduced its holdings in Gentex Co. (NASDAQ:GNTX) by 26.7% during the fourth quarter. According to recent filings with the Securities and Exchange Commission (SEC), Chevy Chase Trust Holdings LLC sold a total of 18,111 shares of the auto parts company’s stock, leaving them with 49,810 shares worth $1,358,000.

But this isn’t the only news coming out of Gentex lately. Director James A. Hollars also made headlines after selling 4,416 shares of Gentex stock on May 19th for an average price of $28.27 per share – totaling a transaction value of $124,840.32. Following the sale, Hollars now holds 36,149 shares valued at $1,021,932.23.

Director Richard O. Schaum also sold off some of the business’s shares earlier this month – unloading a total of 5,424 at an average price of $27.89 per share and netting himself a total transaction value of $151,275.36.

Overall, insiders have sold a combined total of 11,082 shares over the last quarter alone – valued at $311,401 – while owning just 0.47% of the overall company’s stock.

Despite these sales and fluctuations in insider confidence levels as indicated by holdings reports filed with regulators like SEC or FINRA since gentex conducts its business presently in North America; GNTX Stock still opened at $27.64 on Tuesday when it went public last year debuting the equity market under NASDAQ leading index for tech companies pioneering AI or machine learning based applications flaunting remarkable growth opportunities that can accelerate digital transformation journeys for clients looking to build cutting-edge solutions or augment existing ones to enhance user experiences across multiple industries from cross-functional domains.

Gentex Co., which has a market capitalization of $6.46 billion and a P/E ratio of 19.60, has seen its shares trade between $23.28 and $31.48 over the past year. Investors will continue to monitor the company’s performance and insider activity in the coming months as they make strategic decisions about their portfolios and future investment plans.

Hedge Funds Increase Holdings in Automotive Parts Corporation Gentex

Gentex Corporation, a leading supplier of automotive automatic-dimming rearview mirrors and electronics has managed to attract the attention of some well-known hedge funds. Vanguard Group Inc., BlackRock Inc., Ariel Investments LLC, State Street Corp and Cooke & Bieler LP are among the notable investors who have increased their holdings in Gentex’s stock over recent quarters.

Vanguard Group Inc. raised its holdings by 0.4% during Q3, having purchased an additional 93,928 shares of the auto parts corporation’s stock worth $559,838,000. BlackRock Inc. grew its ownership of Gentex by 0.9% during Q1 after acquiring another $190,797 in shares worth $612,282,000.

Ariel Investments LLC upped its stake in Gentex by a massive 92.4% during Q1 after acquiring more than three million shares valued at around $238,436,000

State Street Corp acquired just under a quarter of a million new shares towards its Gentex position boosting it by 3.8%, with a total worth of $157,172,000 as at last quarter.

Finally,Cook & Bieler LP lifted its interests in Gentex by 1.5% during Q4 also buying an extra 82k shares valued at $151,912,000.

All these acquisitions mean that gentex investors now hold about 83% ownership through hedge fund investments and other institutional acquisitions.

Several equities analysts recently issued reports on the company’s performance including StockNews.com which regarded GNTX with a “buy” rating on per share stocks while TheStreet; gave GNTX’s ratings an upgraded status from C+ to B following improved earnings report this year.

It is apparent that many companies are keenly watching Gentex’s progress especially since the auto parts firm posted EPS figures beating analysts’ consensus estimates considerably for the first quarter thereby continuing its growth trajectory. The business also posted an impressive increase of 17.6% in revenue during the quarter on a year-over-year basis which hints at the great strides the company could make this year as well.

Gentex’s dividend payout ratio (DPR) is currently standing at 34.04%. Those who held Gentex shares as of April 7 officially became entitled to a quarterly cash dividend payment of $0.12 per share on Wednesday, April 19th marking the appointment opportunity for many long-time investors of a medium-term bullish outlook that should mirror impressive full-year profits over years to come, according to some financial analysts.

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