Inspire Investing LLC Buys 14,989 Shares of Gentex Co. (NASDAQ:GNTX)

Inspire Investing LLC increased its stake in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 36.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,655 shares of the auto parts company's stock after purchasing an additional 14,989 shares during the period. Inspire Investing LLC's holdings in Gentex were worth $1,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNTX. EverSource Wealth Advisors LLC increased its stake in Gentex by 173.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company's stock worth $42,000 after acquiring an additional 850 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock valued at $54,000 after buying an additional 1,269 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Gentex in the third quarter valued at approximately $125,000. GAMMA Investing LLC lifted its holdings in shares of Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock worth $147,000 after buying an additional 3,152 shares during the period. Finally, KBC Group NV grew its holdings in Gentex by 13.3% during the 3rd quarter. KBC Group NV now owns 5,664 shares of the auto parts company's stock worth $168,000 after acquiring an additional 667 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on GNTX shares. The Goldman Sachs Group reduced their target price on shares of Gentex from $33.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, October 1st. Bank of America decreased their price objective on Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. Robert W. Baird raised 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. Finally, Guggenheim cut their price target on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Gentex has an average rating of "Hold" and an average price target of $35.13.

Gentex Price Performance

NASDAQ GNTX traded down $0.04 during trading hours on Thursday, hitting $27.97. The company had a trading volume of 1,680,802 shares, compared to its average volume of 1,573,057. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 0.88 and a beta of 0.91. Gentex Co. has a fifty-two week low of $26.58 and a fifty-two week high of $37.58. The firm's 50 day moving average is $29.23 and its 200 day moving average is $30.09.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Wednesday, January 8th. Gentex's payout ratio is 25.67%.

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.