Oak Thistle LLC Makes New Investment in Gentex Co. (NASDAQ:GNTX)

Oak Thistle LLC bought a new position in shares of Gentex Co. (NASDAQ:GNTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,391 shares of the auto parts company’s stock, valued at approximately $988,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GNTX. EdgePoint Investment Group Inc. lifted its holdings in Gentex by 1.5% during the third quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock worth $228,611,000 after acquiring an additional 111,500 shares during the period. Geode Capital Management LLC increased its position in shares of Gentex by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock valued at $159,406,000 after purchasing an additional 285,802 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Gentex by 5.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company’s stock valued at $133,424,000 after purchasing an additional 234,083 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Gentex by 3.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,343,880 shares of the auto parts company’s stock worth $146,432,000 after buying an additional 126,416 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Gentex by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company’s stock worth $134,475,000 after buying an additional 489,689 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Trading Up 1.0 %

GNTX opened at $27.42 on Thursday. Gentex Co. has a 12 month low of $26.58 and a 12 month high of $37.58. The company has a market cap of $6.24 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The company has a 50 day moving average of $29.54 and a 200 day moving average of $30.31.

Gentex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s payout ratio is currently 25.67%.

Analysts Set New Price Targets

A number of analysts recently issued reports on GNTX shares. Robert W. Baird raised their price objective on shares of 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 lowered their price target 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. Bank of America dropped their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, Guggenheim decreased their target price on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.