FORA Capital LLC bought a new position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,502 shares of the auto parts company's stock, valued at approximately $846,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNTX. Cetera Investment Advisers raised its position in shares of Gentex by 91.0% in 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 raised its position in shares of Gentex by 1.0% in the second 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 last quarter. Thrivent Financial for Lutherans raised its position in shares of Gentex by 10.1% in the third quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company's stock valued at $11,651,000 after buying an additional 36,134 shares during the last quarter. Ensign Peak Advisors Inc raised its position 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 buying an additional 39,470 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Gentex in the second quarter valued at approximately $1,037,000. Institutional investors and hedge funds own 86.76% of the company's stock.
Gentex Stock Performance
Gentex stock traded down $0.01 during trading on Friday, reaching $30.56. The company had a trading volume of 572,706 shares, compared to its average volume of 1,447,511. Gentex Co. has a 12-month low of $28.30 and a 12-month high of $37.58. The stock's 50 day moving average price is $30.05 and its two-hundred day moving average price is $31.51. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.08 and a beta of 0.91.
Gentex Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.57%. Gentex's dividend payout ratio is currently 25.67%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Gentex from $33.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, October 1st. Robert W. Baird boosted their price objective on shares of 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 report on Thursday, November 21st. UBS Group assumed coverage on shares of Gentex in a report on Wednesday, September 4th. They issued a "neutral" rating and a $34.00 target price for the company. Finally, Bank of America lowered their target price on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, October 14th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $35.13.
View Our Latest Stock Report on Gentex
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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