Gentex Co. (NASDAQ:GNTX) Position Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Gentex Co. (NASDAQ:GNTX) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,446 shares of the auto parts company’s stock after acquiring an additional 1,540 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Gentex were worth $1,082,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of GNTX. Quest Partners LLC bought a new position in Gentex in the 2nd quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Gentex by 173.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after buying an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Gentex by 227.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,269 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Gentex in the 3rd quarter valued at approximately $125,000. Finally, GAMMA Investing LLC raised its stake in Gentex by 159.1% during the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after acquiring an additional 3,152 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America decreased their price target 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 increased their target price on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. 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. Finally, The Goldman Sachs Group reduced their price target on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Gentex has an average rating of “Hold” and an average price target of $35.13.

Gentex Trading Up 1.0 %

Shares of NASDAQ GNTX opened at $27.42 on Thursday. Gentex Co. has a twelve month low of $26.58 and a twelve month high of $37.58. The firm has a 50-day moving average of $29.54 and a two-hundred day moving average of $30.31. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.08 and a beta of 0.91.

Gentex Announces Dividend

The firm 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio is presently 25.67%.

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.