Segall Bryant & Hamill LLC Buys 14,278 Shares of Gentex Co. (NASDAQ:GNTX)

Segall Bryant & Hamill LLC lifted its stake in shares of Gentex Co. (NASDAQ:GNTX) by 3.3% during the third quarter, Holdings Channel.com reports. The firm owned 447,470 shares of the auto parts company’s stock after acquiring an additional 14,278 shares during the period. Segall Bryant & Hamill LLC’s holdings in Gentex were worth $13,285,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in Gentex in the second quarter valued at approximately $31,000. Gladius Capital Management LP bought a new stake in Gentex during the 2nd quarter valued at $34,000. EverSource Wealth Advisors LLC raised 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 acquiring an additional 850 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Gentex by 227.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,269 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in Gentex during the 2nd quarter valued at $67,000. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Corp Gentex purchased 3,152,500 shares of Gentex stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $5.00 per share, for a total transaction of $15,762,500.00. Following the transaction, the insider now directly owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. This trade represents a 95.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

Gentex Stock Up 1.5 %

GNTX opened at $29.50 on Thursday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.97 and a beta of 0.91. The firm has a 50-day moving average price of $29.87 and a 200-day moving average price of $31.70. Gentex Co. has a twelve month low of $28.30 and a twelve month high of $37.58.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, October 9th. Gentex’s payout ratio is currently 25.67%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GNTX shares. Bank of America reduced their target price on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. BNP Paribas downgraded Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Tuesday, July 30th. Robert W. Baird upped their target price on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. B. Riley dropped their price target on Gentex from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, UBS Group started coverage on Gentex in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Gentex currently has a consensus rating of “Hold” and a consensus price target of $36.00.

About Gentex

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.