GAMMA Investing LLC Increases Stock Holdings in Gentex Co. (NASDAQ:GNTX)

GAMMA Investing LLC raised its holdings in Gentex Co. (NASDAQ:GNTX) by 159.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,133 shares of the auto parts company’s stock after buying an additional 3,152 shares during the quarter. GAMMA Investing LLC’s holdings in Gentex were worth $147,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GNTX. Quest Partners LLC purchased a new stake in Gentex during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Gentex by 173.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 purchasing an additional 1,269 shares during the last quarter. HHM Wealth Advisors LLC purchased a new stake in Gentex in the second quarter valued at approximately $67,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Gentex during the 3rd quarter valued at approximately $125,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Stock Performance

Gentex stock opened at $27.18 on Friday. The stock has a market capitalization of $6.18 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.08 and a beta of 0.91. Gentex Co. has a 1 year low of $27.02 and a 1 year high of $37.58. The company’s fifty day moving average price is $29.74 and its 200 day moving average price is $30.50.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.77%. Gentex’s dividend payout ratio (DPR) is presently 25.67%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GNTX. Guggenheim cut their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Bank of America reduced their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Robert W. Baird upped their target price on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group reduced their price target on Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.13.

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.