Reinhart Partners LLC. Acquires 20,624 Shares of Gentex Co. (NASDAQ:GNTX)

Reinhart Partners LLC. grew its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,124,403 shares of the auto parts company's stock after buying an additional 20,624 shares during the period. Reinhart Partners LLC. owned approximately 0.49% of Gentex worth $32,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quest Partners LLC acquired a new stake in Gentex in the 2nd quarter worth about $31,000. EverSource Wealth Advisors LLC raised its holdings in Gentex by 173.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 850 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock valued at $54,000 after acquiring an additional 1,269 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Gentex in the third quarter valued at about $125,000. Finally, GAMMA Investing LLC lifted its position in Gentex by 159.1% during the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company's stock worth $147,000 after purchasing an additional 3,152 shares during the period. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Stock Performance

Shares of GNTX stock traded up $0.40 on Monday, hitting $27.26. The company had a trading volume of 1,885,261 shares, compared to its average volume of 1,791,209. The stock's 50-day moving average is $29.61 and its two-hundred day moving average is $30.36. The firm has a market cap of $6.20 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.08 and a beta of 0.91. Gentex Co. has a twelve month low of $26.58 and a twelve month high of $37.58.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex's dividend payout ratio (DPR) is presently 25.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on GNTX shares. Guggenheim dropped their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Robert W. Baird lifted their price target on Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Bank of America reduced their price objective on Gentex from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Finally, The Goldman Sachs Group dropped their target price 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Gentex has an average rating of "Hold" and a consensus target price of $35.13.

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.