Principal Financial Group Inc. Divests 11,435 Shares of Gentex Co. (NASDAQ: GNTX)

February 27, 2025 12:29 AM PST | By Team Kalkine Media

Principal Financial Group Inc. Divests 11,435 Shares of Gentex Co. (NASDAQ: GNTX) — Image source: Shutterstock

Institutional Investment Changes

Principal Financial Group Inc. recently adjusted its position in Gentex Co. by decreasing its shareholding by 2.1% in the fourth quarter, according to its latest Form 13F filing with the SEC. This adjustment left Principal Financial owning 521,566 shares, representing approximately 0.23% of the total shares, valued at around $14,985,000. Several other institutional investors made moves during this period, reflecting a significant reshuffling in the stock's ownership landscape.

Notable Shareholder Movements

JPMorgan Chase & Co. greatly increased its stake by 179.7% in the third quarter, now holding 2,000,796 shares worth $59,404,000. Geode Capital Management LLC also raised its holdings by 5.6% during the same period, settling at 5,368,004 shares valued at $159,406,000. Barclays PLC followed suit with a 54.4% increase, while Reinhart Partners LLC and Hendershot Investments Inc. also expanded their positions in Gentex around the fourth quarter. Notably, 86.76% of Gentex's stock is currently held by institutional investors, solidifying the company's appeal among large financial entities.

Market Performance and Analyst Outlook

Gentex's stock opened at $24.52 recently, experiencing some fluctuations amid market conditions. The company maintains a market capitalization of $5.58 billion and key financial ratios such as a P/E ratio of 13.93 and a PEG ratio of 0.84, alongside a beta of 0.91. With a 12-month trading range between $24.10 to $37.58, the stock's performance has captured the attention of analysts.

The company's recent earnings report revealed an earnings per share (EPS) of $0.39, underperforming the expected $0.49, with a net margin of 17.49% and a return on equity of 16.74%. The consensus suggests Gentex Co. is poised to post an EPS of 2.04 for the current year, despite mixed reviews from analysts. While some analysts revised their price targets and ratings, the consensus remains at a "Hold" with a target price averaging $32.31, illustrating diverse opinions about the company's prospects.

Company Overview

Gentex Corporation is known for its innovative products in digital vision, connected car technologies, dimmable glass, and fire protection systems. It serves major markets across the United States and internationally, producing automotive products such as electrochromic auto-dimming rearview mirrors and other automotive electronics. The company operates through its key segments, Automotive Products and Other segments, fulfilling various OEM and aftermarket needs.

Gentex Co. continues to be a focal point for institutional investors, with significant shareholding changes and varied market performance. As analysts provide diverse insights, stakeholders remain attentive to Gentex's strategies in navigating market challenges and enhancing its technological offerings.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.