North Point Portfolio Managers Corp OH Lowers Stock Position in Gentex Co. (NASDAQ:GNTX)

North Point Portfolio Managers Corp OH reduced its stake in Gentex Co. (NASDAQ:GNTX) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,550 shares of the auto parts company’s stock after selling 14,833 shares during the quarter. North Point Portfolio Managers Corp OH owned about 0.15% of Gentex worth $10,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Hunter Perkins Capital Management LLC boosted its holdings in shares of Gentex by 0.8% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 117,580 shares of the auto parts company’s stock worth $3,378,000 after purchasing an additional 990 shares in the last quarter. KBC Group NV boosted its stake in Gentex by 1,751.2% in the fourth quarter. KBC Group NV now owns 104,854 shares of the auto parts company’s stock worth $3,012,000 after buying an additional 99,190 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Gentex by 8.1% during the fourth quarter. Blue Trust Inc. now owns 14,384 shares of the auto parts company’s stock worth $427,000 after acquiring an additional 1,075 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Gentex by 5.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 19,388 shares of the auto parts company’s stock worth $557,000 after acquiring an additional 1,081 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of Gentex by 28.7% in the 4th quarter. Tributary Capital Management LLC now owns 34,361 shares of the auto parts company’s stock worth $987,000 after acquiring an additional 7,660 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Guggenheim decreased their target price 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. Robert W. Baird boosted their target price on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Bank of America reduced their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, The Goldman Sachs Group lowered their price objective 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.13.

Gentex Trading Down 0.9 %

Shares of Gentex stock opened at $27.73 on Monday. The company’s fifty day simple moving average is $29.14 and its two-hundred day simple moving average is $29.99. Gentex Co. has a 12-month low of $26.58 and a 12-month high of $37.58. The company has a market cap of $6.31 billion, a P/E ratio of 14.83, a PEG ratio of 0.87 and a beta of 0.91.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.73%. Gentex’s payout ratio 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.