Hunter Perkins Capital Management LLC Boosts Stock Position in Gentex Co. (NASDAQ:GNTX)

Hunter Perkins Capital Management LLC raised its stake in shares of Gentex Co. (NASDAQ:GNTX) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,580 shares of the auto parts company’s stock after buying an additional 990 shares during the quarter. Hunter Perkins Capital Management LLC owned about 0.05% of Gentex worth $3,378,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GNTX. EdgePoint Investment Group Inc. raised its position 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 worth $228,611,000 after purchasing an additional 111,500 shares during the last quarter. Geode Capital Management LLC raised its holdings in Gentex by 5.6% in 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 during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Gentex by 5.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company’s stock worth $133,424,000 after buying an additional 234,083 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Gentex by 179.7% in the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after buying an additional 1,285,519 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Gentex by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,554,823 shares of the auto parts company’s stock valued at $46,163,000 after buying an additional 6,106 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

Gentex Price Performance

Shares of GNTX stock opened at $27.73 on Monday. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.87 and a beta of 0.91. Gentex Co. has a 1 year low of $26.58 and a 1 year high of $37.58. The firm has a fifty day moving average price of $29.14 and a 200-day moving average price of $30.01.

Gentex Dividend Announcement

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

Analyst Upgrades and Downgrades

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