Gentex Co. (NASDAQ:GNTX) Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC raised its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 28.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,361 shares of the auto parts company’s stock after acquiring an additional 7,660 shares during the period. Tributary Capital Management LLC’s holdings in Gentex were worth $987,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GNTX. Inspire Investing LLC lifted its position in Gentex by 36.9% during the fourth quarter. Inspire Investing LLC now owns 55,655 shares of the auto parts company’s stock valued at $1,599,000 after purchasing an additional 14,989 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Gentex during the 4th quarter valued at about $220,000. Gateway Investment Advisers LLC lifted its holdings in shares of Gentex by 12.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 64,613 shares of the auto parts company’s stock valued at $1,856,000 after buying an additional 7,209 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Gentex by 16.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 67,796 shares of the auto parts company’s stock worth $1,948,000 after buying an additional 9,354 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Gentex by 32.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 593 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Trading Down 0.9 %

NASDAQ:GNTX opened at $27.73 on Friday. The stock has a 50 day moving average of $29.14 and a two-hundred day moving average of $30.04. Gentex Co. has a 12 month low of $26.58 and a 12 month high of $37.58. The firm has a market cap of $6.31 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91.

Gentex Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on GNTX. Bank of America lowered their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. 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. Guggenheim cut their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Robert W. Baird increased their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Six research 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 a consensus rating of “Hold” and an average target price 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.