Gentex Co. (GNTX) Position Boosted by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can boosted its position in shares of Gentex Co. (NASDAQ:GNTX) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,275 shares of the auto parts company’s stock after acquiring an additional 8,486 shares during the period. Great West Life Assurance Co. Can owned 0.08% of Gentex worth $4,136,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Alambic Investment Management L.P. bought a new stake in Gentex during the fourth quarter valued at approximately $226,000. Rehmann Capital Advisory Group lifted its position in Gentex by 126.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 28,247 shares of the auto parts company’s stock valued at $571,000 after purchasing an additional 15,769 shares during the last quarter. Tibra Equities Europe Ltd bought a new stake in shares of Gentex in the 4th quarter worth approximately $222,000. Motley Fool Wealth Management LLC lifted its holdings in shares of Gentex by 2.4% in the 4th quarter. Motley Fool Wealth Management LLC now owns 516,964 shares of the auto parts company’s stock worth $10,448,000 after acquiring an additional 12,300 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of Gentex in the 4th quarter worth approximately $279,000. 82.46% of the stock is owned by institutional investors.
NASDAQ:GNTX opened at $20.83 on Monday. Gentex Co. has a 52 week low of $17.80 and a 52 week high of $25.41. The firm has a market cap of $5.40 billion, a P/E ratio of 12.86, a PEG ratio of 1.51 and a beta of 1.11.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.115 per share. This is a positive change from Gentex’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Tuesday, April 9th. Gentex’s dividend payout ratio is currently 27.16%.
A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Gentex in a report on Tuesday, December 4th. They issued a “hold” rating and a $24.00 price objective for the company. BidaskClub lowered shares of Gentex from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Wells Fargo & Co restated a “buy” rating on shares of Gentex in a report on Wednesday, January 30th. Zacks Investment Research upgraded shares of Gentex from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Longbow Research lowered shares of Gentex from a “buy” rating to a “neutral” rating and set a $20.65 price objective for the company. in a report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.46.
In other Gentex news, Director James H. Wallace sold 24,000 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $21.40, for a total transaction of $513,600.00. Following the transaction, the director now directly owns 29,400 shares of the company’s stock, valued at approximately $629,160. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Scott P. Ryan sold 3,000 shares of the business’s stock in a transaction on Sunday, December 30th. The shares were sold at an average price of $19.88, for a total transaction of $59,640.00. Following the transaction, the general counsel now directly owns 22,513 shares in the company, valued at $447,558.44. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock valued at $632,880 over the last quarter. 0.60% of the stock is currently owned by company insiders.
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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