Gentex Co. (NASDAQ:GNTX) Position Cut by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its holdings in Gentex Co. (NASDAQ:GNTX) by 9.2% during the 3rd quarter, Holdings Channel reports. The fund owned 64,802 shares of the auto parts company’s stock after selling 6,562 shares during the quarter. Pathstone Holdings LLC’s holdings in Gentex were worth $1,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners raised its stake in shares of Gentex by 4.2% during the first quarter. Boston Partners now owns 5,706,411 shares of the auto parts company’s stock valued at $206,095,000 after purchasing an additional 230,873 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Gentex by 3.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,343,880 shares of the auto parts company’s stock worth $146,432,000 after acquiring an additional 126,416 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Gentex by 1.0% in the second 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 acquiring an additional 43,457 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gentex by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company’s stock valued at $134,475,000 after acquiring an additional 489,689 shares during the period. Finally, Epoch Investment Partners Inc. increased its stake in shares of Gentex by 8.7% during the second quarter. Epoch Investment Partners Inc. now owns 3,222,359 shares of the auto parts company’s stock valued at $108,626,000 after acquiring an additional 259,109 shares during the period. Institutional investors own 86.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GNTX shares. UBS Group assumed coverage on Gentex in a research note on Wednesday, September 4th. They set a “neutral” rating and a $34.00 price target for the company. BNP Paribas lowered Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 target price on the stock. in a report on Tuesday, July 30th. Robert W. Baird upped their price target on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Bank of America lowered their price objective on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, Guggenheim reduced their target price on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.13.

Gentex Trading Down 0.6 %

NASDAQ:GNTX opened at $30.88 on Wednesday. The business’s fifty day moving average price is $29.99 and its 200 day moving average price is $31.55. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.07 and a beta of 0.91. Gentex Co. has a 1-year low of $28.30 and a 1-year high of $37.58.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.55%. Gentex’s dividend payout ratio (DPR) is 25.67%.

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.