XTX Topco Ltd Invests $1.03 Million in Gentex Co. (NASDAQ:GNTX)

XTX Topco Ltd bought a new position in Gentex Co. (NASDAQ:GNTX - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 34,803 shares of the auto parts company's stock, valued at approximately $1,033,000.

A number of other institutional investors also recently bought and sold shares of GNTX. Scharf Investments LLC boosted its stake in Gentex by 36,001.4% in the 2nd quarter. Scharf Investments LLC now owns 2,278,357 shares of the auto parts company's stock worth $76,803,000 after purchasing an additional 2,272,046 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Gentex by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company's stock valued at $134,475,000 after acquiring an additional 489,689 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Gentex by 344.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 589,916 shares of the auto parts company's stock valued at $19,886,000 after acquiring an additional 457,054 shares during the period. Bridgewater Associates LP lifted its stake in Gentex by 249.1% during the 3rd quarter. Bridgewater Associates LP now owns 617,657 shares of the auto parts company's stock valued at $18,338,000 after acquiring an additional 440,725 shares during the period. Finally, Citigroup Inc. lifted its stake in Gentex by 327.8% during the 3rd quarter. Citigroup Inc. now owns 483,842 shares of the auto parts company's stock valued at $14,365,000 after acquiring an additional 370,746 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group assumed coverage on shares of Gentex in a research note on Wednesday, September 4th. They set a "neutral" rating and a $34.00 price objective for the company. Guggenheim decreased their price objective 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. Robert W. Baird boosted their target price on shares of 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 decreased 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. Finally, The Goldman Sachs Group decreased 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $35.13.

Gentex Price Performance

NASDAQ GNTX traded up $0.47 on Tuesday, hitting $31.15. The company had a trading volume of 1,488,840 shares, compared to its average volume of 1,442,381. The company has a market capitalization of $7.08 billion, a PE ratio of 16.66, a PEG ratio of 1.05 and a beta of 0.91. The company's fifty day moving average price is $30.01 and its 200-day moving average price is $31.29. Gentex Co. has a 12-month low of $28.30 and a 12-month high of $37.58.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex's payout ratio is 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.