Gentex Co. (NASDAQ:GNTX) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its holdings in Gentex Co. (NASDAQ:GNTX) by 7.3% in the third quarter, Holdings Channel reports. The fund owned 11,556 shares of the auto parts company’s stock after buying an additional 785 shares during the period. Orion Portfolio Solutions LLC’s holdings in Gentex were worth $343,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Gentex in the third quarter valued at approximately $1,033,000. Hendershot Investments Inc. increased its stake in shares of Gentex by 0.7% in the 3rd quarter. Hendershot Investments Inc. now owns 634,835 shares of the auto parts company’s stock worth $18,848,000 after acquiring an additional 4,149 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Gentex by 1.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock worth $228,611,000 after acquiring an additional 111,500 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Gentex during the 3rd quarter worth $1,358,000. Finally, Systematic Financial Management LP boosted 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 valued at $9,116,000 after acquiring an additional 88,736 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Stock Down 2.1 %

NASDAQ:GNTX opened at $29.31 on Thursday. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91. Gentex Co. has a 52 week low of $28.30 and a 52 week high of $37.58. The company has a fifty day simple moving average of $30.19 and a two-hundred day simple moving average of $31.11.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.64%. Gentex’s dividend payout ratio (DPR) is 25.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Bank of America decreased their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group cut their target price on Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Guggenheim lowered their price target on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, UBS Group started coverage on shares of Gentex in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 target price on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Gentex currently has an average rating of “Hold” and an average price target of $35.13.

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.