180 Wealth Advisors LLC Has $1.89 Million Position in Gentex Co. (NASDAQ:GNTX)

180 Wealth Advisors LLC raised its holdings in Gentex Co. (NASDAQ:GNTX) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,805 shares of the auto parts company’s stock after buying an additional 437 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Gentex were worth $1,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNTX. Lindenwold Advisors INC raised its position in Gentex by 2.8% in the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock worth $372,000 after purchasing an additional 347 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Gentex by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company’s stock valued at $221,000 after purchasing an additional 408 shares during the period. Intellectus Partners LLC raised its holdings in shares of Gentex by 6.1% in the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock worth $251,000 after buying an additional 484 shares in the last quarter. JLB & Associates Inc. lifted its position in shares of Gentex by 2.1% during the 3rd quarter. JLB & Associates Inc. now owns 24,031 shares of the auto parts company’s stock worth $713,000 after buying an additional 490 shares during the period. Finally, Atria Investments Inc lifted its position in shares of Gentex by 2.0% during the 3rd quarter. Atria Investments Inc now owns 28,940 shares of the auto parts company’s stock worth $859,000 after buying an additional 577 shares during the period. 86.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GNTX has been the subject of several recent analyst reports. Robert W. Baird increased their price objective on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Guggenheim dropped their target price on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Bank of America reduced their price target 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Gentex has a consensus rating of “Hold” and an average target price of $35.13.

Gentex Trading Up 1.5 %

GNTX opened at $27.26 on Tuesday. Gentex Co. has a 1-year low of $26.58 and a 1-year high of $37.58. The firm has a 50-day moving average price of $29.61 and a two-hundred day moving average price of $30.36. The stock has a market capitalization of $6.20 billion, a PE ratio of 14.58, a PEG ratio of 1.08 and a beta of 0.91.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) 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.