American Capital Management Inc. Has $68.18 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

American Capital Management Inc. lowered its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,296,375 shares of the auto parts company's stock after selling 76,339 shares during the quarter. Gentex makes up 2.2% of American Capital Management Inc.'s investment portfolio, making the stock its 18th largest holding. American Capital Management Inc. owned about 1.01% of Gentex worth $68,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Scharf Investments LLC raised its position in Gentex by 36,001.4% during the second quarter. Scharf Investments LLC now owns 2,278,357 shares of the auto parts company's stock valued at $76,803,000 after buying an additional 2,272,046 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Gentex by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company's stock valued at $134,475,000 after purchasing an additional 489,689 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Gentex by 344.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 589,916 shares of the auto parts company's stock worth $19,886,000 after purchasing an additional 457,054 shares in the last quarter. Bridgewater Associates LP boosted its holdings in shares of Gentex by 249.1% during the third quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company's stock worth $18,338,000 after purchasing an additional 440,725 shares during the period. Finally, Citigroup Inc. grew its position in Gentex by 327.8% during the third quarter. Citigroup Inc. now owns 483,842 shares of the auto parts company's stock valued at $14,365,000 after purchasing an additional 370,746 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Stock Performance

Shares of NASDAQ GNTX traded down $0.01 during mid-day trading on Friday, reaching $30.56. 572,730 shares of the company traded hands, compared to its average volume of 1,240,929. The company's fifty day moving average is $30.05 and its two-hundred day moving average is $31.46. Gentex Co. has a fifty-two week low of $28.30 and a fifty-two week high of $37.58. The stock has a market cap of $6.95 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, January 8th. Gentex's dividend payout ratio is 25.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GNTX. Robert W. Baird lifted their target price on shares of Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Guggenheim reduced their price objective on Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Bank of America lowered their target price on Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group cut their price target on Gentex from $33.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, October 1st. Finally, UBS Group began coverage on Gentex in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $34.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $35.13.

Gentex Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.