Holocene Advisors LP Increases Holdings in Gentex Co. (NASDAQ:GNTX)

Holocene Advisors LP increased its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 701.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 91,703 shares of the auto parts company's stock after acquiring an additional 80,258 shares during the period. Holocene Advisors LP's holdings in Gentex were worth $2,723,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Phoenix Wealth Advisors grew its stake in Gentex by 3.1% in the 2nd quarter. Phoenix Wealth Advisors now owns 10,196 shares of the auto parts company's stock worth $344,000 after acquiring an additional 306 shares in the last quarter. Lindenwold Advisors INC grew its stake in Gentex by 2.8% in the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company's stock worth $372,000 after purchasing an additional 347 shares in the last quarter. United Services Automobile Association increased its holdings in Gentex by 2.5% during the 2nd quarter. United Services Automobile Association now owns 17,447 shares of the auto parts company's stock worth $588,000 after purchasing an additional 427 shares during the period. Harfst & Associates Inc. increased its holdings in Gentex by 0.7% during the 2nd quarter. Harfst & Associates Inc. now owns 66,692 shares of the auto parts company's stock worth $2,248,000 after purchasing an additional 450 shares during the period. Finally, Blue Trust Inc. raised its position in Gentex by 4.0% during the 2nd quarter. Blue Trust Inc. now owns 12,434 shares of the auto parts company's stock valued at $449,000 after purchasing an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group started coverage on Gentex in a research note on Wednesday, September 4th. They set a "neutral" rating and a $34.00 price target on the stock. Robert W. Baird raised their target price 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. Bank of America lowered their price target on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group cut their price objective 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. Finally, Guggenheim lowered their target price on Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $35.13.

Gentex Stock Up 0.0 %

Shares of GNTX traded up $0.01 during mid-day trading on Friday, hitting $29.76. 940,120 shares of the company traded hands, compared to its average volume of 1,440,829. The company has a market capitalization of $6.77 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.06 and a beta of 0.91. The business has a 50 day moving average of $30.01 and a 200 day moving average of $31.38. Gentex Co. has a 1-year low of $28.30 and a 1-year high of $37.58.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.61%. Gentex's dividend payout ratio is currently 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.