First Citizens Bank & Trust Co. Grows Position in Gentex Co. (NASDAQ:GNTX)

First Citizens Bank & Trust Co. raised its position in Gentex Co. (NASDAQ:GNTX) by 5.9% in the fourth quarter, Holdings Channel reports. The fund owned 19,388 shares of the auto parts company’s stock after buying an additional 1,081 shares during the period. First Citizens Bank & Trust Co.’s holdings in Gentex were worth $557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNTX. Lindenwold Advisors INC lifted its stake in Gentex by 2.8% during the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock worth $372,000 after purchasing an additional 347 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Gentex by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock worth $221,000 after buying an additional 408 shares during the last quarter. 180 Wealth Advisors LLC grew its position in shares of Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after buying an additional 437 shares during the last quarter. Intellectus Partners LLC raised its stake in Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock worth $251,000 after acquiring an additional 484 shares in the last quarter. Finally, JLB & Associates Inc. lifted its position in Gentex by 2.1% in the third quarter. JLB & Associates Inc. now owns 24,031 shares of the auto parts company’s stock valued at $713,000 after acquiring an additional 490 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Trading Up 2.7 %

GNTX stock opened at $28.48 on Tuesday. Gentex Co. has a 52 week low of $26.58 and a 52 week high of $37.58. The company has a market cap of $6.48 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.87 and a beta of 0.91. The company’s 50-day moving average price is $29.14 and its 200 day moving average price is $29.99.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.69%. The ex-dividend date was Wednesday, January 8th. Gentex’s payout ratio is currently 25.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. The Goldman Sachs Group dropped their price objective on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Bank of America cut 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. Guggenheim decreased their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, 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 research report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.