S.A. Mason LLC Acquires 801 Shares of Gentex Co. (NASDAQ:GNTX)

S.A. Mason LLC increased its stake in Gentex Co. (NASDAQ:GNTX) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,037 shares of the auto parts company’s stock after purchasing an additional 801 shares during the quarter. S.A. Mason LLC’s holdings in Gentex were worth $773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GNTX. TD Asset Management Inc grew its stake in shares of Gentex by 41.2% during the 1st quarter. TD Asset Management Inc now owns 4,677,655 shares of the auto parts company’s stock valued at $168,957,000 after acquiring an additional 1,363,898 shares during the period. Cetera Investment Advisers boosted its position in shares of Gentex by 91.0% in the first quarter. Cetera Investment Advisers now owns 127,876 shares of the auto parts company’s stock worth $4,619,000 after purchasing an additional 60,934 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Gentex by 15.7% in the first quarter. Janney Montgomery Scott LLC now owns 411,535 shares of the auto parts company’s stock worth $14,865,000 after purchasing an additional 55,748 shares in the last quarter. BNP Paribas bought a new stake in shares of Gentex during the 1st quarter valued at $1,073,000. Finally, Disciplined Growth Investors Inc. MN lifted 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 valued at $143,599,000 after buying an additional 43,457 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Corp Gentex bought 3,152,500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the transaction, the insider now directly owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Gentex Trading Down 0.7 %

Shares of NASDAQ:GNTX opened at $31.11 on Thursday. The company has a market capitalization of $7.19 billion, a PE ratio of 16.46, a P/E/G ratio of 0.91 and a beta of 0.92. Gentex Co. has a 12-month low of $28.25 and a 12-month high of $37.58. The business’s fifty day simple moving average is $29.99 and its 200-day simple moving average is $32.12.

Gentex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, October 9th. Gentex’s payout ratio is 25.40%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GNTX. Bank of America decreased their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. lowered their target price on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. The Goldman Sachs Group reduced their price target on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. UBS Group initiated coverage on shares of Gentex in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price objective for the company. Finally, B. Riley decreased their price target on shares of Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.00.

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.