Gentex Co. (NASDAQ:GNTX) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC lowered its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 50.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,450 shares of the auto parts company's stock after selling 23,470 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in Gentex were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GNTX. Boston Partners lifted its position in Gentex by 4.2% in the first quarter. Boston Partners now owns 5,706,411 shares of the auto parts company's stock valued at $206,095,000 after buying an additional 230,873 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Gentex by 41.2% in the 1st quarter. TD Asset Management Inc now owns 4,677,655 shares of the auto parts company's stock valued at $168,957,000 after acquiring an additional 1,363,898 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Gentex by 3.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,343,880 shares of the auto parts company's stock worth $146,432,000 after acquiring an additional 126,416 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Gentex by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,259,831 shares of the auto parts company's stock worth $143,599,000 after purchasing an additional 43,457 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Gentex by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company's stock valued at $134,475,000 after purchasing an additional 489,689 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Stock Up 5.4 %

NASDAQ GNTX traded up $1.59 on Friday, hitting $31.25. 3,689,803 shares of the stock were exchanged, compared to its average volume of 1,707,714. Gentex Co. has a fifty-two week low of $27.86 and a fifty-two week high of $37.58. The company has a 50-day moving average price of $29.93 and a 200-day moving average price of $32.22. The company has a market cap of $7.19 billion, a PE ratio of 17.46, a PEG ratio of 0.91 and a beta of 0.92.

Gentex (NASDAQ:GNTX - Get Free Report) last issued its earnings results on Friday, October 25th. The auto parts company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.03. Gentex had a net margin of 17.87% and a return on equity of 17.78%. The firm had revenue of $608.53 million during the quarter, compared to the consensus estimate of $611.33 million. As a group, equities research analysts predict that Gentex Co. will post 1.94 EPS for the current fiscal year.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, October 9th. Gentex's dividend payout ratio (DPR) is presently 26.82%.

Insider Buying and Selling

In related news, major shareholder Corp Gentex acquired 3,152,500 shares of the business's stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the acquisition, the insider now owns 6,463,808 shares in the company, valued at $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on GNTX shares. UBS Group assumed coverage on Gentex in a research report on Wednesday, September 4th. They set a "neutral" rating and a $34.00 price target for the company. Robert W. Baird dropped their target price on Gentex from $40.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, July 29th. The Goldman Sachs Group reduced their price target on shares of Gentex from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their price objective on shares of Gentex from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 22nd. Finally, StockNews.com lowered shares of Gentex from a "buy" rating to a "hold" rating in a report on Thursday, July 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Gentex presently has an average rating of "Hold" and a consensus price target of $36.13.

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.