Dumont & Blake Investment Advisors LLC Lowers Stock Holdings in Gentex Co. (NASDAQ:GNTX)

Dumont & Blake Investment Advisors LLC lessened its stake in shares of Gentex Co. (NASDAQ:GNTX) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,930 shares of the auto parts company’s stock after selling 520 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Gentex were worth $659,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on GNTX shares. Robert W. Baird increased their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Guggenheim cut their price objective 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. Finally, Bank of America cut their price objective on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.13.

Gentex Stock Performance

NASDAQ GNTX opened at $28.22 on Friday. The company has a market capitalization of $6.42 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.92 and a beta of 0.91. Gentex Co. has a one year low of $26.58 and a one year high of $37.58. The stock has a 50 day moving average price of $29.06 and a 200-day moving average price of $29.89.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were given a $0.12 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.70%. Gentex’s dividend payout ratio is presently 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.