Wedge Capital Management L L P NC decreased its position in shares of Gentex Co. (NASDAQ:GNTX - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 384,451 shares of the auto parts company's stock after selling 9,574 shares during the quarter. Wedge Capital Management L L P NC owned about 0.17% of Gentex worth $11,045,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company's stock worth $59,404,000 after buying an additional 1,285,519 shares during the period. Geode Capital Management LLC raised its position in shares of Gentex by 5.6% during the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company's stock worth $159,406,000 after purchasing an additional 285,802 shares during the period. Barclays PLC lifted its holdings in shares of Gentex by 54.4% during the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company's stock valued at $3,205,000 after purchasing an additional 38,027 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Gentex by 1.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,259,831 shares of the auto parts company's stock valued at $143,599,000 after purchasing an additional 43,457 shares during the period. Finally, Reinhart Partners LLC. increased its stake in Gentex by 1.9% during the 4th quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company's stock worth $32,304,000 after purchasing an additional 20,624 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on GNTX shares. Robert W. Baird upped their price target on shares of Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, October 28th. The Goldman Sachs Group reduced their target price 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. Guggenheim dropped their price target on Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. Finally, Bank of America reduced their price objective on Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $35.13.
Read Our Latest Analysis on Gentex
Gentex Trading Up 1.7 %
Shares of GNTX traded up $0.47 during midday trading on Friday, reaching $27.97. The stock had a trading volume of 1,410,717 shares, compared to its average volume of 1,286,627. The firm has a market cap of $6.36 billion, a PE ratio of 14.96, a P/E/G ratio of 0.83 and a beta of 0.91. The firm has a 50 day simple moving average of $29.37 and a 200-day simple moving average of $30.18. Gentex Co. has a one year low of $26.58 and a one year high of $37.58.
Gentex Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Wednesday, January 8th. Gentex's dividend payout ratio is presently 25.67%.
Gentex Profile
(
Free Report)
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.
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