Leeward Investments LLC MA Cuts Holdings in Gentex Co. (NASDAQ:GNTX)

Leeward Investments LLC MA lowered its holdings in Gentex Co. (NASDAQ:GNTX) by 8.8% in the 3rd quarter, Holdings Channel reports. The firm owned 723,148 shares of the auto parts company’s stock after selling 69,639 shares during the period. Gentex accounts for 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 28th biggest holding. Leeward Investments LLC MA’s holdings in Gentex were worth $21,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Asset Management Inc raised its position in Gentex by 41.2% in the 1st quarter. TD Asset Management Inc now owns 4,677,655 shares of the auto parts company’s stock worth $168,957,000 after buying an additional 1,363,898 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Gentex by 91.0% during the first quarter. Cetera Investment Advisers now owns 127,876 shares of the auto parts company’s stock valued at $4,619,000 after purchasing an additional 60,934 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Gentex by 1.0% during the second 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 purchasing an additional 43,457 shares during the period. Sei Investments Co. boosted its holdings in Gentex by 6.4% in the first quarter. Sei Investments Co. now owns 131,584 shares of the auto parts company’s stock worth $4,753,000 after purchasing an additional 7,935 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in Gentex by 56.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 109,451 shares of the auto parts company’s stock worth $3,690,000 after purchasing an additional 39,470 shares during the period. 86.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

GNTX has been the topic of a number of research reports. The Goldman Sachs Group dropped their price target on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. dropped their target price on Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird upped their price target on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. BNP Paribas downgraded shares of Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a report on Tuesday, July 30th. Finally, B. Riley reduced their target price on shares of Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Gentex Trading Up 1.2 %

Gentex stock opened at $30.68 on Thursday. Gentex Co. has a 12-month low of $28.30 and a 12-month high of $37.58. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 0.98 and a beta of 0.91. The firm has a 50 day moving average of $29.93 and a 200 day moving average of $32.00.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. Gentex’s payout ratio is 25.67%.

Insider Activity at Gentex

In other Gentex news, major shareholder Corp Gentex purchased 3,152,500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the acquisition, the insider now directly owns 6,463,808 shares in the company, valued at $32,319,040. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Gentex Company 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.