Leeward Investments LLC MA Sells 69,639 Shares of Gentex Co. (NASDAQ:GNTX)

Leeward Investments LLC MA reduced its holdings in shares of Gentex Co. (NASDAQ:GNTX) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 723,148 shares of the auto parts company’s stock after selling 69,639 shares during the period. Gentex comprises approximately 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 28th biggest holding. Leeward Investments LLC MA owned about 0.31% of Gentex worth $21,470,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Advisor Resource Council purchased a new position in Gentex in the 3rd quarter worth $438,000. Radnor Capital Management LLC purchased a new position in shares of Gentex in the third quarter worth about $267,000. Asset Management One Co. Ltd. lifted its stake in shares of Gentex by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 215,779 shares of the auto parts company’s stock valued at $6,406,000 after acquiring an additional 5,424 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Gentex by 74.6% during the 3rd quarter. Van ECK Associates Corp now owns 309,668 shares of the auto parts company’s stock valued at $9,141,000 after acquiring an additional 132,322 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Gentex by 104.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,506 shares of the auto parts company’s stock worth $2,420,000 after acquiring an additional 41,732 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.

Gentex Stock Performance

Shares of GNTX opened at $30.68 on Thursday. The firm’s 50-day simple moving average is $29.93 and its two-hundred day simple moving average is $32.00. Gentex Co. has a fifty-two week low of $28.30 and a fifty-two week high of $37.58. The stock has a market cap of $6.98 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.91.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, October 9th. Gentex’s dividend payout ratio (DPR) is 25.67%.

Analysts Set New Price Targets

Several analysts have weighed in on GNTX shares. Robert W. Baird boosted their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. B. Riley decreased their target price on Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, July 29th. JPMorgan Chase & Co. cut their price target on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. UBS Group initiated coverage on shares of Gentex in a report on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 price objective for the company. Finally, Bank of America cut their target price 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.00.

Insider Transactions at Gentex

In related news, major shareholder Corp Gentex purchased 3,152,500 shares of the stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the transaction, the insider now directly owns 6,463,808 shares in the company, valued at $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.