Gentex Co. (NASDAQ:GNTX) Shares Bought by Lincluden Management Ltd.

Lincluden Management Ltd. raised its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 41.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,671 shares of the auto parts company's stock after purchasing an additional 41,095 shares during the quarter. Lincluden Management Ltd. owned 0.06% of Gentex worth $4,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNTX. Wealth Enhancement Advisory Services LLC grew its stake in shares of Gentex by 38.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,750 shares of the auto parts company's stock worth $966,000 after acquiring an additional 7,449 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Gentex by 2.3% in the first quarter. State of Michigan Retirement System now owns 57,240 shares of the auto parts company's stock worth $2,068,000 after acquiring an additional 1,300 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Gentex by 3.7% in the first quarter. Private Advisor Group LLC now owns 19,768 shares of the auto parts company's stock worth $714,000 after acquiring an additional 704 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Gentex by 15.7% in the first quarter. Janney Montgomery Scott LLC now owns 411,535 shares of the auto parts company's stock worth $14,865,000 after acquiring an additional 55,748 shares in the last quarter. Finally, BNP Paribas acquired a new position in shares of Gentex in the first quarter worth $1,073,000. Hedge funds and other institutional investors own 86.76% of the company's stock.

Gentex Trading Up 0.7 %

Shares of GNTX traded up $0.22 during mid-day trading on Friday, hitting $30.53. 1,393,740 shares of the company's stock were exchanged, compared to its average volume of 1,464,050. Gentex Co. has a fifty-two week low of $28.30 and a fifty-two week high of $37.58. The firm has a market capitalization of $7.03 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.01 and a beta of 0.92. The business's 50 day moving average is $29.98 and its two-hundred day moving average is $32.11.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. Gentex's dividend payout ratio (DPR) is 25.67%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GNTX. Robert W. Baird boosted their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday. B. Riley lowered their target price on shares of Gentex from $44.00 to $41.00 and set a "buy" rating for the company in a research note on Monday, July 29th. The Goldman Sachs Group lowered their target price on shares of Gentex from $33.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on shares of Gentex from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, July 22nd. Finally, UBS Group began coverage on shares of Gentex in a research note on Wednesday, September 4th. They set a "neutral" rating and a $34.00 target price for the company. Six 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 an average rating of "Hold" and a consensus target price of $36.00.

Insider Transactions at Gentex

In other news, major shareholder Corp Gentex acquired 3,152,500 shares of Gentex stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the completion of the transaction, the insider now directly owns 6,463,808 shares in the company, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company's stock.

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.