LaFleur & Godfrey LLC Trims Stake in Gentex Co. (NASDAQ:GNTX)

LaFleur & Godfrey LLC lowered its stake in Gentex Co. (NASDAQ:GNTX) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,165 shares of the auto parts company’s stock after selling 24,115 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Gentex were worth $4,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Gateway Investment Advisers LLC raised its stake in Gentex by 12.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 64,613 shares of the auto parts company’s stock valued at $1,856,000 after purchasing an additional 7,209 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Gentex by 16.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 67,796 shares of the auto parts company’s stock valued at $1,948,000 after acquiring an additional 9,354 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Gentex by 32.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,419 shares of the auto parts company’s stock worth $70,000 after buying an additional 593 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Gentex by 20.1% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,936 shares of the auto parts company’s stock valued at $257,000 after acquiring an additional 1,493 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Gentex in the 4th quarter worth $988,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Price Performance

Shares of Gentex stock opened at $27.97 on Monday. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.83 and a beta of 0.91. The business has a 50-day moving average of $29.37 and a 200 day moving average of $30.18. Gentex Co. has a 12 month low of $26.58 and a 12 month high of $37.58.

Gentex Dividend Announcement

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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, January 8th. Gentex’s payout ratio is currently 25.67%.

Analysts Set New Price Targets

GNTX has been the topic of a number of analyst reports. Guggenheim cut their price target on Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Bank of America cut their price objective on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Robert W. Baird upped 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. Finally, The Goldman Sachs Group dropped 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.