Inspire Investing LLC Acquires 14,989 Shares of Gentex Co. (NASDAQ:GNTX)

Inspire Investing LLC raised its stake in shares of Gentex Co. (NASDAQ:GNTX) by 36.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,655 shares of the auto parts company’s stock after purchasing an additional 14,989 shares during the period. Inspire Investing LLC’s holdings in Gentex were worth $1,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lindenwold Advisors INC lifted its holdings in Gentex by 2.8% in the third quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company’s stock valued at $372,000 after buying an additional 347 shares during the period. Coldstream Capital Management Inc. lifted 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. 180 Wealth Advisors LLC boosted its position in shares of Gentex by 0.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company’s stock valued at $1,891,000 after purchasing an additional 437 shares in the last quarter. Intellectus Partners LLC grew its stake in Gentex by 6.1% during the third quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company’s stock worth $251,000 after purchasing an additional 484 shares during the period. Finally, JLB & Associates Inc. increased its holdings in Gentex by 2.1% in the third quarter. JLB & Associates Inc. now owns 24,031 shares of the auto parts company’s stock worth $713,000 after purchasing an additional 490 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Trading Down 1.2 %

Shares of Gentex stock opened at $28.01 on Thursday. The firm has a market capitalization of $6.37 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. Gentex Co. has a 12 month low of $26.58 and a 12 month high of $37.58. The business’s 50-day moving average price is $29.23 and its 200-day moving average price is $30.09.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. Gentex’s dividend payout ratio (DPR) is currently 25.67%.

Analysts Set New Price Targets

Several research analysts recently issued reports on GNTX shares. The Goldman Sachs Group cut their target price on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Robert W. Baird increased their price target 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. Bank of America lowered 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. Finally, Guggenheim reduced 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.13.

Gentex Company 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.