Gentex Co. (NASDAQ:GNTX) Shares Acquired by S.A. Mason LLC

S.A. Mason LLC lifted its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 3.2% during the third quarter, Holdings Channel.com reports. The fund owned 26,037 shares of the auto parts company’s stock after acquiring an additional 801 shares during the period. S.A. Mason LLC’s holdings in Gentex were worth $773,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in Gentex by 38.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,750 shares of the auto parts company’s stock worth $966,000 after acquiring an additional 7,449 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of Gentex by 2.3% in the first quarter. State of Michigan Retirement System now owns 57,240 shares of the auto parts company’s stock worth $2,068,000 after purchasing an additional 1,300 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Gentex by 3.7% during the first quarter. Private Advisor Group LLC now owns 19,768 shares of the auto parts company’s stock worth $714,000 after purchasing an additional 704 shares during the period. Janney Montgomery Scott LLC boosted its position in Gentex by 15.7% in the first quarter. Janney Montgomery Scott LLC now owns 411,535 shares of the auto parts company’s stock valued at $14,865,000 after buying an additional 55,748 shares during the last quarter. Finally, BNP Paribas acquired a new position in Gentex in the 1st quarter worth approximately $1,073,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GNTX. UBS Group assumed coverage on shares of Gentex in a report on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price objective on the stock. B. Riley lowered their price target on shares of Gentex from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Robert W. Baird lifted their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group lowered their target price on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Finally, Bank of America reduced their price target 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 assigned a buy rating to the stock. According to MarketBeat, Gentex has an average rating of “Hold” and an average price target of $36.00.

Insider Buying and Selling

In related news, major shareholder Corp Gentex acquired 3,152,500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the acquisition, the insider now directly owns 6,463,808 shares in the company, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.

Gentex Trading Down 0.7 %

Shares of GNTX stock opened at $31.11 on Thursday. Gentex Co. has a 12-month low of $28.25 and a 12-month high of $37.58. The business’s 50 day moving average is $29.99 and its two-hundred day moving average is $32.12. The company has a market capitalization of $7.19 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.91 and a beta of 0.92.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th were paid 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 1.54%. Gentex’s dividend payout ratio is currently 25.40%.

About Gentex

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.