Natixis Advisors LLC Buys 52,205 Shares of Gentex Co. (NASDAQ:GNTX)

Natixis Advisors LLC increased its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 14.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 415,379 shares of the auto parts company's stock after buying an additional 52,205 shares during the quarter. Natixis Advisors LLC owned 0.18% of Gentex worth $12,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Scharf Investments LLC increased its stake in shares of Gentex by 36,001.4% in the second quarter. Scharf Investments LLC now owns 2,278,357 shares of the auto parts company's stock valued at $76,803,000 after buying an additional 2,272,046 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Gentex by 32.6% during the first quarter. Epoch Investment Partners Inc. now owns 2,963,250 shares of the auto parts company's stock worth $107,033,000 after buying an additional 727,913 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Gentex by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company's stock worth $134,475,000 after buying an additional 489,689 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Gentex by 344.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 589,916 shares of the auto parts company's stock worth $19,886,000 after buying an additional 457,054 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in Gentex in the third quarter valued at $8,470,000. Institutional investors own 86.76% of the company's stock.

Gentex Trading Up 1.5 %

Shares of GNTX stock opened at $29.50 on Thursday. The firm has a market capitalization of $6.71 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. The firm has a fifty day simple moving average of $29.87 and a two-hundred day simple moving average of $31.70. Gentex Co. has a 12 month low of $28.30 and a 12 month high of $37.58.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Wednesday, October 9th. Gentex's dividend payout ratio (DPR) is presently 25.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America decreased their target price on Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Robert W. Baird raised their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. BNP Paribas downgraded shares of Gentex from an "outperform" rating to a "neutral" rating and set a $34.00 target price on the stock. in a research report on Tuesday, July 30th. The Goldman Sachs Group reduced their price target 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. Finally, UBS Group started coverage on shares of Gentex in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $34.00 price target 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $36.00.

Insiders Place Their Bets

In other Gentex news, major shareholder Corp Gentex bought 3,152,500 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the transaction, the insider now directly owns 6,463,808 shares in the company, valued at $32,319,040. This trade represents a 95.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.