Northwest & Ethical Investments L.P. Buys 4,424 Shares of Gentex Co. (NASDAQ:GNTX)

Northwest & Ethical Investments L.P. boosted its position in Gentex Co. (NASDAQ:GNTX) by 42.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,779 shares of the auto parts company’s stock after buying an additional 4,424 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Gentex were worth $439,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Phoenix Wealth Advisors boosted its stake in shares of Gentex by 3.1% in the 2nd quarter. Phoenix Wealth Advisors now owns 10,196 shares of the auto parts company’s stock valued at $344,000 after purchasing an additional 306 shares in the last quarter. Lindenwold Advisors INC increased its holdings in Gentex by 2.8% in 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 during the last quarter. United Services Automobile Association boosted its holdings in Gentex by 2.5% during the second quarter. United Services Automobile Association now owns 17,447 shares of the auto parts company’s stock worth $588,000 after buying an additional 427 shares during the last quarter. Harfst & Associates Inc. grew its position in shares of Gentex by 0.7% during the 2nd quarter. Harfst & Associates Inc. now owns 66,692 shares of the auto parts company’s stock worth $2,248,000 after buying an additional 450 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Gentex by 4.0% in the 2nd quarter. Blue Trust Inc. now owns 12,434 shares of the auto parts company’s stock valued at $449,000 after acquiring an additional 475 shares during the period. 86.76% of the stock is owned by institutional investors.

Gentex Stock Down 0.0 %

NASDAQ:GNTX opened at $30.56 on Friday. The company has a market cap of $6.95 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. Gentex Co. has a twelve month low of $28.30 and a twelve month high of $37.58. The business has a 50 day moving average price of $30.05 and a two-hundred day moving average price of $31.49.

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 given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is currently 25.67%.

Analysts Set New Price Targets

Several equities research analysts have commented on GNTX shares. UBS Group started coverage on shares of Gentex in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 target price for the company. Guggenheim dropped their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Robert W. Baird increased 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. Bank of America cut their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Finally, The Goldman Sachs Group dropped their target price on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Gentex currently has an average rating of “Hold” and a consensus target price of $35.13.

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.