Jane Street Group LLC Lowers Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Jane Street Group LLC cut its stake in shares of Gentex Co. (NASDAQ:GNTX) by 79.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,289 shares of the auto parts company’s stock after selling 336,869 shares during the quarter. Jane Street Group LLC’s holdings in Gentex were worth $2,532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Weiss Asset Management LP purchased a new position in Gentex during the 3rd quarter worth $1,358,000. Systematic Financial Management LP grew its position in shares of Gentex by 40.6% during the 3rd quarter. Systematic Financial Management LP now owns 307,051 shares of the auto parts company’s stock worth $9,116,000 after buying an additional 88,736 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Gentex by 17.8% during the third quarter. Quantinno Capital Management LP now owns 20,028 shares of the auto parts company’s stock valued at $595,000 after buying an additional 3,026 shares during the period. Readystate Asset Management LP bought a new stake in shares of Gentex in the third quarter valued at about $871,000. Finally, Motley Fool Asset Management LLC lifted its stake in Gentex by 0.7% in the third quarter. Motley Fool Asset Management LLC now owns 287,121 shares of the auto parts company’s stock worth $8,461,000 after acquiring an additional 1,917 shares during the period. Institutional investors own 86.76% of the company’s stock.

Gentex Trading Up 0.1 %

Shares of GNTX stock opened at $29.15 on Monday. The company has a market cap of $6.63 billion, a PE ratio of 15.59, a PEG ratio of 1.09 and a beta of 0.91. Gentex Co. has a 12-month low of $28.30 and a 12-month high of $37.58. The business’s fifty day simple moving average is $30.19 and its 200-day simple moving average is $31.00.

Gentex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is presently 25.67%.

Wall Street Analyst Weigh In

GNTX has been the topic of a number of research reports. Bank of America cut their target price on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Robert W. Baird lifted their price objective 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 lowered their target price on Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. UBS Group initiated coverage on Gentex in a report on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price target on the stock. Finally, Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Gentex currently has a consensus rating of “Hold” and a consensus target price of $35.13.

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.