Wilmington Savings Fund Society FSB Makes New $125,000 Investment in Gentex Co. (NASDAQ:GNTX)

Wilmington Savings Fund Society FSB bought a new stake in Gentex Co. (NASDAQ:GNTX) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,209 shares of the auto parts company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GNTX. Geode Capital Management LLC raised its holdings in Gentex by 5.6% during 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 purchasing an additional 285,802 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake 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 worth $143,599,000 after buying an additional 43,457 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Gentex by 10.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company’s stock worth $11,651,000 after buying an additional 36,134 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in shares of Gentex by 56.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 109,451 shares of the auto parts company’s stock worth $3,690,000 after buying an additional 39,470 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Gentex in the 2nd quarter valued at about $1,037,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GNTX shares. Guggenheim reduced their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. UBS Group began coverage on Gentex in a report on Wednesday, September 4th. They set a “neutral” rating and a $34.00 target price on the stock. Robert W. Baird boosted their price target on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. The Goldman Sachs Group decreased 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. Finally, Bank of America cut their target price on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $35.13.

Gentex Trading Down 0.6 %

NASDAQ GNTX opened at $29.13 on Friday. The business’s 50-day moving average price is $30.19 and its 200 day moving average price is $31.09. Gentex Co. has a twelve month low of $28.30 and a twelve month high of $37.58. The company has a market capitalization of $6.63 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. Gentex’s payout ratio is currently 25.67%.

Gentex Company 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.