Captrust Financial Advisors lessened its stake in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,677 shares of the auto parts company's stock after selling 18,597 shares during the period. Captrust Financial Advisors' holdings in Gentex were worth $2,781,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers grew its holdings in shares of Gentex by 91.0% during the first quarter. Cetera Investment Advisers now owns 127,876 shares of the auto parts company's stock valued at $4,619,000 after buying an additional 60,934 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Gentex by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,259,831 shares of the auto parts company's stock worth $143,599,000 after acquiring an additional 43,457 shares during the period. Thrivent Financial for Lutherans grew its stake in Gentex by 10.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company's stock valued at $11,651,000 after purchasing an additional 36,134 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Gentex by 56.4% in the second quarter. Ensign Peak Advisors Inc now owns 109,451 shares of the auto parts company's stock valued at $3,690,000 after purchasing an additional 39,470 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Gentex during the 2nd quarter worth approximately $1,037,000. Institutional investors and hedge funds own 86.76% of the company's stock.
Gentex Stock Performance
Shares of NASDAQ GNTX traded down $0.32 during trading on Thursday, hitting $29.75. 397,622 shares of the company were exchanged, compared to its average volume of 1,440,255. Gentex Co. has a 12-month low of $28.30 and a 12-month high of $37.58. The company has a fifty day moving average price of $30.04 and a 200-day moving average price of $31.40. The firm has a market capitalization of $6.77 billion, a PE ratio of 16.08, a P/E/G ratio of 1.06 and a beta of 0.91.
Gentex Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.61%. Gentex's dividend payout ratio (DPR) is presently 25.67%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on GNTX shares. Robert W. Baird upped their price objective on Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Guggenheim dropped their price objective on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. UBS Group initiated coverage on shares of Gentex in a report on Wednesday, September 4th. They set a "neutral" rating and a $34.00 price objective on the stock. The Goldman Sachs Group reduced their target price on Gentex from $33.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, October 1st. Finally, Bank of America reduced their price objective on Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $35.13.
Get Our Latest Stock Report on GNTX
About Gentex
(
Free Report)
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.
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