Gentex Co. (NASDAQ:GNTX) Shares Bought by JB Capital LLC

JB Capital LLC grew its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 12.7% during the third quarter, Holdings Channel.com reports. The firm owned 102,757 shares of the auto parts company’s stock after buying an additional 11,568 shares during the quarter. JB Capital LLC’s holdings in Gentex were worth $3,051,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of GNTX. Quest Partners LLC acquired a new stake in Gentex in the second quarter worth approximately $31,000. Gladius Capital Management LP bought a new position in Gentex during the second quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its holdings in Gentex by 173.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Gentex by 227.8% in 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 in the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in Gentex in the second quarter worth about $67,000. 86.76% of the stock is currently owned by institutional investors.

Gentex Trading Up 0.5 %

NASDAQ GNTX traded up $0.14 on Thursday, reaching $30.82. The stock had a trading volume of 116,609 shares, compared to its average volume of 1,458,068. Gentex Co. has a 1 year low of $28.30 and a 1 year high of $37.58. The business has a 50 day moving average price of $29.93 and a 200 day moving average price of $32.00. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 0.98 and a beta of 0.91.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. Gentex’s dividend payout ratio is currently 25.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Bank of America dropped their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. B. Riley cut their price objective on Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Robert W. Baird lifted their target price on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, UBS Group assumed coverage on Gentex in a report on Wednesday, September 4th. They set a “neutral” rating and a $34.00 target price for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.00.

Insider Activity at Gentex

In other Gentex news, major shareholder Corp Gentex purchased 3,152,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the purchase, the insider now directly owns 6,463,808 shares in the company, valued at $32,319,040. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.