Disciplined Growth Investors Inc. MN Buys 234,083 Shares of Gentex Co. (NASDAQ:GNTX)

Disciplined Growth Investors Inc. MN increased its stake in shares of Gentex Co. (NASDAQ:GNTX) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,493,914 shares of the auto parts company’s stock after purchasing an additional 234,083 shares during the quarter. Gentex accounts for 2.5% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 15th biggest holding. Disciplined Growth Investors Inc. MN owned approximately 1.98% of Gentex worth $133,424,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new position in Gentex during the 2nd quarter valued at $31,000. Gladius Capital Management LP purchased a new position in Gentex during the 2nd quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its holdings in Gentex by 173.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 1,269 shares during the period. Finally, HHM Wealth Advisors LLC purchased a new position in Gentex during the 2nd quarter valued at $67,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GNTX. Bank of America dropped their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. UBS Group began coverage on Gentex in a report on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 target price for the company. The Goldman Sachs Group lowered 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. Robert W. Baird upped their target price on Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Guggenheim lowered 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Gentex has an average rating of “Hold” and an average target price of $35.13.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $30.68 on Tuesday. The business’s 50-day moving average is $30.01 and its 200 day moving average is $31.29. Gentex Co. has a 1 year low of $28.30 and a 1 year high of $37.58. The firm has a market capitalization of $6.98 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.05 and a beta of 0.91.

Gentex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s dividend payout ratio is currently 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.