Natixis Advisors LLC Has $12.33 Million Holdings in Gentex Co. (NASDAQ:GNTX)

Natixis Advisors LLC increased its stake in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,379 shares of the auto parts company's stock after purchasing an additional 52,205 shares during the quarter. Natixis Advisors LLC owned about 0.18% of Gentex worth $12,333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its stake in shares of Gentex by 18.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,826 shares of the auto parts company's stock valued at $355,000 after purchasing an additional 1,513 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Gentex by 110.0% during the first quarter. Bessemer Group Inc. now owns 8,079 shares of the auto parts company's stock worth $292,000 after purchasing an additional 4,231 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Gentex by 1.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 150,102 shares of the auto parts company's stock worth $5,417,000 after purchasing an additional 1,488 shares during the period. Toronto Dominion Bank increased its holdings in Gentex by 0.9% in the first quarter. Toronto Dominion Bank now owns 42,346 shares of the auto parts company's stock valued at $1,530,000 after purchasing an additional 370 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Gentex during the first quarter worth about $93,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GNTX. Guggenheim reduced their price objective on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday. Bank of America lowered 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. BNP Paribas cut Gentex from an "outperform" rating to a "neutral" rating and set a $34.00 target price for the company. in a research note on Tuesday, July 30th. Robert W. Baird raised their price target on Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group decreased their price objective on Gentex from $33.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Gentex currently has an average rating of "Hold" and an average price target of $35.13.

Gentex Stock Up 1.3 %

Shares of NASDAQ:GNTX traded up $0.38 during midday trading on Thursday, reaching $29.88. The company had a trading volume of 781,674 shares, compared to its average volume of 1,457,629. The business's 50 day moving average price is $29.89 and its 200 day moving average price is $31.68. Gentex Co. has a 1-year low of $28.30 and a 1-year high of $37.58. The stock has a market cap of $6.80 billion, a PE ratio of 15.98, a P/E/G ratio of 0.94 and a beta of 0.91.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a $0.12 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.48 annualized dividend and a yield of 1.61%. Gentex's dividend payout ratio is 25.67%.

Insider Transactions at Gentex

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 stock was purchased at an average cost 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 of the company's stock, valued at approximately $32,319,040. The trade was a 95.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by corporate insiders.

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.