Gentex Co. (NASDAQ:GNTX) Stake Boosted by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. lifted its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 15.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 580,111 shares of the auto parts company's stock after purchasing an additional 78,470 shares during the period. Gentex accounts for about 3.2% of Speece Thorson Capital Group Inc.'s holdings, making the stock its 8th biggest position. Speece Thorson Capital Group Inc. owned approximately 0.25% of Gentex worth $17,223,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in shares of Gentex in the second quarter valued at approximately $31,000. Gladius Capital Management LP purchased a new position in Gentex in the 2nd quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of Gentex by 173.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 850 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 purchasing an additional 1,269 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Gentex during the 2nd quarter valued at $67,000. 86.76% of the stock is owned by institutional investors.

Gentex Trading Up 0.9 %

NASDAQ:GNTX traded up $0.28 on Wednesday, reaching $30.64. 1,077,470 shares of the stock traded hands, compared to its average volume of 1,467,933. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.98 and a beta of 0.91. Gentex Co. has a 12 month low of $28.30 and a 12 month high of $37.58. The company's fifty day simple moving average is $29.87 and its 200 day simple moving average is $31.86.

Gentex Dividend Announcement

The company 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. The ex-dividend date was Wednesday, October 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.57%. Gentex's dividend payout ratio is currently 25.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Robert W. Baird raised their target price 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. 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 research report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their target price on shares of Gentex from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, July 22nd. BNP Paribas lowered shares of Gentex from an "outperform" rating to a "neutral" rating and set a $34.00 price target for the company. in a research note on Tuesday, July 30th. Finally, B. Riley decreased their price target 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $36.00.

Insider Buying and Selling at Gentex

In related news, major shareholder Corp Gentex purchased 3,152,500 shares of Gentex stock in a transaction dated 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 purchase, the insider now directly owns 6,463,808 shares of the company's stock, valued at $32,319,040. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by company 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.