58,992 Shares in Gentex Co. (NASDAQ:GNTX) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in Gentex Co. (NASDAQ:GNTX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,992 shares of the auto parts company's stock, valued at approximately $1,751,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Synovus Financial Corp increased its stake in shares of Gentex by 119.8% during the third quarter. Synovus Financial Corp now owns 47,136 shares of the auto parts company's stock worth $1,400,000 after purchasing an additional 25,693 shares in the last quarter. Tidal Investments LLC boosted its stake in Gentex by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 59,958 shares of the auto parts company's stock worth $1,780,000 after purchasing an additional 736 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Gentex during the third quarter worth $125,000. Sanctuary Advisors LLC purchased a new stake in shares of Gentex during the third quarter worth $373,000. Finally, Virtu Financial LLC acquired a new stake in shares of Gentex in the third quarter valued at about $326,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Stock Performance

Shares of Gentex stock traded up $0.01 during trading hours on Friday, hitting $30.59. The company's stock had a trading volume of 1,297,627 shares, compared to its average volume of 1,441,084. The firm has a fifty day moving average of $30.13 and a 200-day moving average of $31.23. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 1.09 and a beta of 0.91. Gentex Co. has a twelve month low of $28.30 and a twelve month high of $37.58.

Gentex Dividend Announcement

The business also recently declared 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex's dividend payout ratio (DPR) is 25.67%.

Wall Street Analysts Forecast Growth

GNTX has been the subject of several research reports. Guggenheim dropped their price objective on shares of Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. UBS Group initiated coverage on Gentex in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $34.00 price target for the company. The Goldman Sachs Group reduced their price objective on Gentex from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 1st. Bank of America dropped their target price on Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, October 14th. Finally, Robert W. Baird lifted their price target on Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $35.13.

Gentex Company 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.