Systematic Financial Management LP Purchases 88,736 Shares of Gentex Co. (NASDAQ:GNTX)

Systematic Financial Management LP raised its position in Gentex Co. (NASDAQ:GNTX - Free Report) by 40.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 307,051 shares of the auto parts company's stock after acquiring an additional 88,736 shares during the quarter. Systematic Financial Management LP owned approximately 0.14% of Gentex worth $9,116,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in shares of Gentex by 91.0% during the 1st quarter. Cetera Investment Advisers now owns 127,876 shares of the auto parts company's stock worth $4,619,000 after buying an additional 60,934 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Gentex by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,259,831 shares of the auto parts company's stock worth $143,599,000 after buying an additional 43,457 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Gentex by 10.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company's stock worth $11,651,000 after buying an additional 36,134 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in shares of Gentex by 56.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 109,451 shares of the auto parts company's stock worth $3,690,000 after buying an additional 39,470 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Gentex during the 2nd quarter worth about $1,037,000. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Trading Up 0.0 %

GNTX stock traded up $0.01 during mid-day trading on Friday, hitting $29.76. The stock had a trading volume of 940,120 shares, compared to its average volume of 1,440,829. Gentex Co. has a 52 week low of $28.30 and a 52 week high of $37.58. The firm has a market capitalization of $6.77 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.06 and a beta of 0.91. The firm has a fifty day simple moving average of $29.99 and a 200 day simple moving average of $31.35.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex's dividend payout ratio is currently 25.67%.

Wall Street Analysts Forecast Growth

GNTX has been the subject of a number of research reports. UBS Group initiated coverage on shares of Gentex in a research note on Wednesday, September 4th. They set a "neutral" rating and a $34.00 target price for the company. Bank of America cut their target price on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Guggenheim cut their target price 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. The Goldman Sachs Group dropped their price objective on shares of Gentex from $33.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, October 1st. Finally, Robert W. Baird lifted their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Six equities 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, the company currently has an average rating of "Hold" and an average 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.