United Services Automobile Association Buys 876 Shares of Gentex Co. (NASDAQ:GNTX)

United Services Automobile Association boosted its holdings in Gentex Co. (NASDAQ:GNTX – Get Rating) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,177 shares of the auto parts company’s stock after acquiring an additional 876 shares during the quarter. United Services Automobile Association’s holdings in Gentex were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its position in shares of Gentex by 659.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,094 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 950 shares in the last quarter. Wagner Wealth Management LLC bought a new position in Gentex in the second quarter valued at $28,000. Wipfli Financial Advisors LLC bought a new position in Gentex in the third quarter valued at $48,000. Covestor Ltd lifted its stake in Gentex by 79.2% in the first quarter. Covestor Ltd now owns 1,887 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 834 shares during the last quarter. Finally, Wahed Invest LLC acquired a new stake in Gentex in the second quarter valued at $64,000. Institutional investors own 83.80% of the company’s stock.

Gentex Trading Up 0.7 %

GNTX stock opened at $26.69 on Wednesday. The company’s 50 day moving average is $28.52 and its 200 day moving average is $27.27. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.01 and a beta of 0.92. Gentex Co. has a 1-year low of $23.28 and a 1-year high of $31.48.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 19th. Shareholders of record on Friday, April 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Wednesday, April 5th. Gentex’s payout ratio is currently 35.29%.

Analysts Set New Price Targets

GNTX has been the subject of several analyst reports. The Goldman Sachs Group upgraded shares of Gentex from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $24.00 to $26.00 in a research note on Wednesday, December 14th. StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, February 26th. Finally, TheStreet upgraded shares of Gentex from a “c+” rating to a “b” rating in a research report on Friday, January 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.80.

Insider Buying and Selling at Gentex

In other Gentex news, CFO Kevin C. Nash sold 6,776 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $29.42, for a total transaction of $199,349.92. Following the transaction, the chief financial officer now directly owns 22,597 shares in the company, valued at $664,803.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Kevin C. Nash sold 6,776 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $29.42, for a total value of $199,349.92. Following the transaction, the chief financial officer now owns 22,597 shares in the company, valued at $664,803.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven R. Downing sold 17,730 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $30.21, for a total transaction of $535,623.30. Following the completion of the transaction, the chief executive officer now owns 118,506 shares in the company, valued at approximately $3,580,066.26. The disclosure for this sale can be found here. Insiders have sold 35,643 shares of company stock worth $1,050,188 over the last ninety days. Insiders own 0.16% of the company’s stock.

Gentex Profile

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Gentex Corp. is a technology company, which engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products. The firm operates through Automotive Products and Other segments. The Automotive Products segment operates in virtually all the foregoing facilities.