Gentex Co. (NASDAQ:GNTX) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 308,902 shares of the auto parts company’s stock after selling 4,902 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Gentex were worth $9,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in shares of Gentex in the 2nd quarter valued at approximately $31,000. Gladius Capital Management LP purchased a new stake in Gentex in the second quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 850 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 buying an additional 1,269 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Gentex in the second quarter valued at $67,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GNTX. UBS Group initiated coverage on Gentex in a report on Wednesday, September 4th. They set a “neutral” rating and a $34.00 target price for the company. 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 report on Tuesday, October 1st. Robert W. Baird increased their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Guggenheim dropped their price target 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. Finally, Bank of America cut their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.13.

Gentex Price Performance

NASDAQ:GNTX opened at $30.11 on Wednesday. Gentex Co. has a 12 month low of $28.30 and a 12 month high of $37.58. The firm has a market capitalization of $6.85 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The business’s fifty day moving average price is $30.04 and its 200 day moving average price is $31.40.

Gentex Dividend Announcement

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 given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is presently 25.67%.

Gentex 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.