Reinhart Partners LLC. Acquires 20,624 Shares of Gentex Co. (NASDAQ:GNTX)

Reinhart Partners LLC. boosted its holdings in Gentex Co. (NASDAQ:GNTX) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,124,403 shares of the auto parts company’s stock after acquiring an additional 20,624 shares during the quarter. Reinhart Partners LLC. owned 0.49% of Gentex worth $32,304,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GNTX. Private Advisor Group LLC increased its stake in Gentex by 46.4% in the 2nd quarter. Private Advisor Group LLC now owns 28,939 shares of the auto parts company’s stock worth $976,000 after acquiring an additional 9,171 shares during the last quarter. Quest Partners LLC bought a new position in Gentex in the 2nd quarter worth about $31,000. Choreo LLC bought a new position in shares of Gentex during the 2nd quarter valued at about $370,000. American Century Companies Inc. increased its position in shares of Gentex by 10.1% during the 2nd quarter. American Century Companies Inc. now owns 95,523 shares of the auto parts company’s stock valued at $3,220,000 after purchasing an additional 8,793 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Gentex by 2.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 384,319 shares of the auto parts company’s stock valued at $12,851,000 after purchasing an additional 8,983 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Robert W. Baird increased their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Guggenheim dropped their target price on 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 Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Finally, The Goldman Sachs Group dropped their target price on Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.13.

Gentex Trading Up 1.2 %

NASDAQ GNTX traded up $0.32 on Monday, hitting $27.18. The company’s stock had a trading volume of 830,292 shares, compared to its average volume of 1,610,937. Gentex Co. has a 52-week low of $26.58 and a 52-week high of $37.58. The company’s 50-day simple moving average is $29.66 and its 200 day simple moving average is $30.40. The firm has a market cap of $6.18 billion, a P/E ratio of 14.53, a PEG ratio of 1.08 and a beta of 0.91.

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 paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s payout ratio is presently 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.