Citigroup Inc. Has $14.37 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Citigroup Inc. increased its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 327.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 483,842 shares of the auto parts company's stock after acquiring an additional 370,746 shares during the quarter. Citigroup Inc. owned about 0.21% of Gentex worth $14,365,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Boston Partners increased its position in Gentex by 4.2% during the first quarter. Boston Partners now owns 5,706,411 shares of the auto parts company's stock worth $206,095,000 after acquiring an additional 230,873 shares during the period. Burgundy Asset Management Ltd. increased its holdings in Gentex by 3.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,343,880 shares of the auto parts company's stock valued at $146,432,000 after buying an additional 126,416 shares during the period. Disciplined Growth Investors Inc. MN increased its holdings in Gentex by 1.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,259,831 shares of the auto parts company's stock valued at $143,599,000 after buying an additional 43,457 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 489,689 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in Gentex by 8.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 3,222,359 shares of the auto parts company's stock valued at $108,626,000 after buying an additional 259,109 shares during the period. 86.76% of the stock is owned by institutional investors.

Gentex Stock Performance

Shares of GNTX traded down $0.31 during mid-day trading on Thursday, reaching $30.57. The company had a trading volume of 983,881 shares, compared to its average volume of 1,451,315. The company's 50 day simple moving average is $30.03 and its 200 day simple moving average is $31.54. Gentex Co. has a 1-year low of $28.30 and a 1-year high of $37.58. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.09 and a beta of 0.91.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.57%. Gentex's dividend payout ratio is presently 25.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GNTX shares. The Goldman Sachs Group decreased their target price on shares of Gentex from $33.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. UBS Group started coverage on shares of Gentex in a report on Wednesday, September 4th. They issued a "neutral" rating and a $34.00 target price on the stock. Guggenheim decreased their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. Robert W. Baird raised their price target 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. Finally, Bank of America reduced their price target on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Gentex has a consensus rating of "Hold" and an average 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.