Disciplined Growth Investors Inc. MN Has $133.42 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Disciplined Growth Investors Inc. MN boosted its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,493,914 shares of the auto parts company's stock after buying an additional 234,083 shares during the quarter. Gentex comprises 2.5% of Disciplined Growth Investors Inc. MN's portfolio, making the stock its 15th biggest holding. Disciplined Growth Investors Inc. MN owned 1.98% of Gentex worth $133,424,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Gentex by 7.3% in the 2nd quarter. CWM LLC now owns 10,265 shares of the auto parts company's stock valued at $346,000 after purchasing an additional 695 shares during the period. QRG Capital Management Inc. acquired a new stake in Gentex in the second quarter valued at approximately $205,000. SG Americas Securities LLC increased its position in Gentex by 15.9% in the 2nd quarter. SG Americas Securities LLC now owns 10,124 shares of the auto parts company's stock valued at $341,000 after acquiring an additional 1,387 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Gentex by 31.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,286 shares of the auto parts company's stock valued at $1,189,000 after acquiring an additional 8,536 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Gentex by 50.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,485 shares of the auto parts company's stock worth $320,000 after acquiring an additional 3,187 shares during the period. Institutional investors own 86.76% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird increased their price target on Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Guggenheim cut their price objective on shares of Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. UBS Group started coverage on Gentex in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $34.00 price objective on the stock. Bank of America reduced their target price on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $35.13.

Gentex Stock Up 1.3 %

Shares of Gentex stock traded up $0.40 on Tuesday, hitting $31.08. The company's stock had a trading volume of 635,961 shares, compared to its average volume of 1,438,398. The firm has a fifty day moving average price of $30.01 and a 200-day moving average price of $31.29. The company has a market capitalization of $7.07 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. Gentex Co. has a 52-week low of $28.30 and a 52-week high of $37.58.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex's dividend payout ratio is presently 25.67%.

Gentex Company 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.