Gentex Co. (NASDAQ:GNTX) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in Gentex Co. (NASDAQ:GNTX) by 33.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 885,786 shares of the auto parts company’s stock after selling 445,044 shares during the quarter. Janney Montgomery Scott LLC owned 0.39% of Gentex worth $25,449,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GNTX. EverSource Wealth Advisors LLC grew its stake in Gentex by 173.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after buying an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 1,269 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Gentex in the 3rd quarter valued at $125,000. GAMMA Investing LLC raised its position in Gentex by 159.1% in the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after purchasing an additional 3,152 shares during the period. Finally, KBC Group NV raised its position in Gentex by 13.3% in the third quarter. KBC Group NV now owns 5,664 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 667 shares during the period. 86.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Robert W. Baird increased their target price on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Guggenheim decreased their price target on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. The Goldman Sachs Group reduced their target price on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Bank of America lowered their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Gentex currently has an average rating of “Hold” and a consensus target price of $35.13.

Gentex Trading Down 0.9 %

Shares of NASDAQ:GNTX opened at $27.73 on Friday. The firm has a market cap of $6.31 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. The company has a fifty day simple moving average of $29.19 and a 200 day simple moving average of $30.08. Gentex Co. has a 12-month low of $26.58 and a 12-month high of $37.58.

Gentex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.12 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.73%. Gentex’s dividend payout ratio (DPR) is 25.67%.

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.