LaFleur & Godfrey LLC Cuts Stock Position in Gentex Co. (NASDAQ:GNTX)

LaFleur & Godfrey LLC lessened its stake in Gentex Co. (NASDAQ:GNTX - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,165 shares of the auto parts company's stock after selling 24,115 shares during the quarter. LaFleur & Godfrey LLC owned 0.07% of Gentex worth $4,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GNTX shares. Bank of America decreased their price objective 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 reduced their target price on Gentex from $33.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. Robert W. Baird lifted their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Finally, Guggenheim lowered their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $35.13.

Gentex Price Performance

GNTX stock traded up $0.47 during midday trading on Monday, reaching $27.97. 1,410,717 shares of the stock were exchanged, compared to its average volume of 1,286,627. Gentex Co. has a 52 week low of $26.58 and a 52 week high of $37.58. The stock has a market capitalization of $6.36 billion, a PE ratio of 14.96, a P/E/G ratio of 0.83 and a beta of 0.91. The company has a fifty day moving average price of $29.37 and a 200 day moving average price of $30.18.

Gentex Announces Dividend

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

About Gentex

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.