Radnor Capital Management LLC Acquires New Position in Gentex Co. (NASDAQ:GNTX)

Radnor Capital Management LLC purchased a new position in Gentex Co. (NASDAQ:GNTX) during the third quarter, Holdings Channel reports. The fund purchased 9,000 shares of the auto parts company’s stock, valued at approximately $267,000.

A number of other large investors have also bought and sold shares of GNTX. Scharf Investments LLC increased its stake in Gentex by 36,001.4% in the 2nd quarter. Scharf Investments LLC now owns 2,278,357 shares of the auto parts company’s stock worth $76,803,000 after purchasing an additional 2,272,046 shares during the period. TD Asset Management Inc grew its position in shares of Gentex by 41.2% in the 1st quarter. TD Asset Management Inc now owns 4,677,655 shares of the auto parts company’s stock worth $168,957,000 after buying an additional 1,363,898 shares during the last quarter. Motley Fool Asset Management LLC grew its position in shares of Gentex by 287.7% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,204,152 shares of the auto parts company’s stock worth $43,494,000 after buying an additional 893,552 shares during the last quarter. Epoch Investment Partners Inc. grew its position in shares of Gentex by 32.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 2,963,250 shares of the auto parts company’s stock worth $107,033,000 after buying an additional 727,913 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Gentex by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company’s stock worth $134,475,000 after buying an additional 489,689 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GNTX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird lifted their price objective on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. The Goldman Sachs Group cut their price objective on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. BNP Paribas lowered Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, July 30th. Finally, B. Riley dropped their price target on Gentex from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Gentex currently has an average rating of “Hold” and a consensus price target of $36.00.

Insider Buying and Selling at Gentex

In related news, major shareholder Corp Gentex acquired 3,152,500 shares of the stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $5.00 per share, for a total transaction of $15,762,500.00. Following the completion of the purchase, the insider now owns 6,463,808 shares of the company’s stock, valued at $32,319,040. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

Gentex Stock Down 0.3 %

NASDAQ GNTX opened at $30.60 on Friday. Gentex Co. has a twelve month low of $28.30 and a twelve month high of $37.58. The firm has a market capitalization of $6.96 billion, a PE ratio of 16.36, a P/E/G ratio of 0.98 and a beta of 0.91. The stock’s 50 day moving average is $29.93 and its 200 day moving average is $32.00.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, October 9th. Gentex’s payout ratio is 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.