First National Bank of Omaha Has $3.55 Million Stock Holdings in Gentex Co. (NASDAQ:GNTX)

First National Bank of Omaha decreased its position in Gentex Co. (NASDAQ:GNTX) by 5.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 119,491 shares of the auto parts company’s stock after selling 6,632 shares during the period. First National Bank of Omaha’s holdings in Gentex were worth $3,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN grew its holdings in shares of Gentex by 1.0% in the 2nd 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 buying an additional 43,457 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Gentex by 10.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company’s stock valued at $11,651,000 after buying an additional 36,134 shares during the period. Ensign Peak Advisors Inc grew its holdings in shares of Gentex by 56.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 109,451 shares of the auto parts company’s stock valued at $3,690,000 after buying an additional 39,470 shares during the period. Intech Investment Management LLC bought a new stake in Gentex in the 2nd quarter valued at $1,037,000. Finally, Citigroup Inc. lifted its position in Gentex by 327.8% in the 3rd quarter. Citigroup Inc. now owns 483,842 shares of the auto parts company’s stock valued at $14,365,000 after acquiring an additional 370,746 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Stock Performance

Shares of GNTX stock opened at $29.76 on Monday. The firm’s 50-day moving average is $29.99 and its 200-day moving average is $31.31. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.06 and a beta of 0.91. Gentex Co. has a 52-week low of $28.30 and a 52-week high of $37.58.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.61%. Gentex’s payout ratio is 25.67%.

Analyst Upgrades and Downgrades

GNTX has been the topic of several research reports. Robert W. Baird boosted their price objective 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. Guggenheim cut their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. UBS Group initiated coverage on shares of Gentex in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price objective on the stock. The Goldman Sachs Group cut their price objective 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 cut their price objective on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.13.

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.