Gentex Co. (NASDAQ:GNTX) Position Lessened by Diversified Trust Co

Diversified Trust Co lowered its position in Gentex Co. (NASDAQ:GNTX) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,042 shares of the auto parts company’s stock after selling 767 shares during the quarter. Diversified Trust Co’s holdings in Gentex were worth $2,472,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Gentex by 179.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after buying an additional 1,285,519 shares in the last quarter. Geode Capital Management LLC grew its position in Gentex by 5.6% in the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock worth $159,406,000 after acquiring an additional 285,802 shares in the last quarter. Barclays PLC increased its stake in shares of Gentex by 54.4% during the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock worth $3,205,000 after purchasing an additional 38,027 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Gentex by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,259,831 shares of the auto parts company’s stock valued at $143,599,000 after purchasing an additional 43,457 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Gentex by 10.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company’s stock valued at $11,651,000 after purchasing an additional 36,134 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Trading Down 1.1 %

Shares of GNTX stock opened at $27.70 on Wednesday. Gentex Co. has a 1 year low of $27.64 and a 1 year high of $37.58. The firm’s fifty day simple moving average is $29.88 and its 200 day simple moving average is $30.55. The firm has a market capitalization of $6.30 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, January 8th. Gentex’s payout ratio is presently 25.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GNTX shares. Robert W. Baird raised their target price on 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 cut their price objective on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Bank of America decreased their target price on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Finally, Guggenheim dropped their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.