Diversified Trust Co Sells 767 Shares of Gentex Co. (NASDAQ:GNTX)

Diversified Trust Co lessened its holdings in Gentex Co. (NASDAQ:GNTX) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 86,042 shares of the auto parts company’s stock after selling 767 shares during the period. Diversified Trust Co’s holdings in Gentex were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EdgePoint Investment Group Inc. raised its position in Gentex by 1.5% in the third quarter. EdgePoint Investment Group Inc. now owns 7,699,919 shares of the auto parts company’s stock worth $228,611,000 after purchasing an additional 111,500 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Gentex by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock worth $159,406,000 after buying an additional 285,802 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of Gentex by 5.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,493,914 shares of the auto parts company’s stock worth $133,424,000 after buying an additional 234,083 shares during the period. Burgundy Asset Management Ltd. boosted its stake in Gentex by 3.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,343,880 shares of the auto parts company’s stock valued at $146,432,000 after buying an additional 126,416 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Gentex by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,989,248 shares of the auto parts company’s stock valued at $134,475,000 after acquiring an additional 489,689 shares during the period. 86.76% of the stock is owned by institutional investors.

Gentex Price Performance

GNTX opened at $27.70 on Wednesday. The company’s 50 day simple moving average is $29.88 and its 200-day simple moving average is $30.55. Gentex Co. has a one year low of $27.64 and a one year high of $37.58. The stock has a market capitalization of $6.30 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be given a $0.12 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.73%. Gentex’s payout ratio is 25.67%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Guggenheim cut their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Bank of America reduced their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Robert W. Baird raised their price objective on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group reduced their target price on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.13.

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.