Toronto Dominion Bank Has $1.21 Million Position in Gentex Co. (NASDAQ:GNTX)

Toronto Dominion Bank lifted its holdings in Gentex Co. (NASDAQ:GNTX) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 40,721 shares of the auto parts company’s stock after buying an additional 650 shares during the quarter. Toronto Dominion Bank’s holdings in Gentex were worth $1,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EdgePoint Investment Group Inc. raised its stake in shares of Gentex by 1.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock valued at $228,611,000 after purchasing an additional 111,500 shares during the period. Geode Capital Management LLC grew its holdings in shares of Gentex by 5.6% during the third quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock worth $159,406,000 after buying an additional 285,802 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in Gentex by 5.5% in 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 acquiring an additional 234,083 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in 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 valued at $146,432,000 after acquiring an additional 126,416 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in 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 valued at $134,475,000 after acquiring an additional 489,689 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price objective 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. Robert W. Baird boosted their price target on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Guggenheim reduced their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Bank of America dropped their target price on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Finally, UBS Group started coverage on Gentex in a research report on Wednesday, September 4th. They set a “neutral” rating and a $34.00 price target for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.13.

Gentex Stock Down 0.8 %

NASDAQ:GNTX opened at $30.33 on Tuesday. 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 $6.90 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.09 and a beta of 0.91. The stock’s 50 day moving average price is $30.16 and its two-hundred day moving average price is $31.16.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, January 8th. Gentex’s dividend payout ratio 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.