Gentex Co. (NASDAQ:GNTX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 7.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,075,939 shares of the auto parts company's stock after selling 167,305 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.91% of Gentex worth $61,635,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GNTX. Quest Partners LLC purchased a new stake in shares of Gentex during the second quarter valued at about $31,000. Gladius Capital Management LP acquired a new stake in Gentex during the 2nd quarter worth about $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Gentex by 227.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company's stock worth $54,000 after acquiring an additional 1,269 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new position in Gentex in the second quarter valued at approximately $67,000. 86.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group started coverage on shares of Gentex in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $34.00 target price on the stock. The Goldman Sachs Group decreased their target price on Gentex from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 1st. Robert W. Baird boosted 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. Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. Finally, Bank of America dropped their target price on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $35.13.

Gentex Stock Performance

Shares of NASDAQ GNTX traded down $0.59 during midday trading on Tuesday, reaching $30.11. 1,278,588 shares of the stock were exchanged, compared to its average volume of 1,444,749. Gentex Co. has a twelve month low of $28.30 and a twelve month high of $37.58. The stock has a market capitalization of $6.85 billion, a P/E ratio of 16.10, a PEG ratio of 1.08 and a beta of 0.91. The company has a 50 day simple moving average of $30.06 and a 200 day simple moving average of $31.44.

Gentex Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, January 8th. Gentex's dividend payout ratio (DPR) is presently 25.67%.

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.