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

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in Gentex during the 2nd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Gentex by 173.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 850 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Gentex by 227.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 1,269 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex in the 3rd quarter worth $125,000. Finally, GAMMA Investing LLC increased its holdings in shares of Gentex by 159.1% in the 4th quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after purchasing an additional 3,152 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Gentex Price Performance

NASDAQ GNTX traded up $0.32 during midday trading on Monday, hitting $27.18. 830,292 shares of the company traded hands, compared to its average volume of 1,610,937. The company has a market cap of $6.18 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The company’s 50-day simple moving average is $29.66 and its 200-day simple moving average is $30.40. Gentex Co. has a 52 week low of $26.58 and a 52 week high of $37.58.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.48 annualized dividend and a yield of 1.77%. Gentex’s dividend payout ratio (DPR) is presently 25.67%.

Analysts Set New Price Targets

A number of analysts have commented on GNTX shares. Guggenheim reduced 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. The Goldman Sachs Group lowered their target price on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Bank of America lowered their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Robert W. Baird boosted 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Gentex currently has a consensus rating of “Hold” and a consensus price target 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.