Gentex Corp (NASDAQ:GNTX) Shareholder Scharf Investments Llc Lowered Position by $10.74 Million as Price Rose

May 17, 2018 - By Nellie Rakes

Gentex Corporation (NASDAQ:GNTX) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.88. That’s change of 0.36, from 2017Q3’s 1.24. 26 investors sold all, 144 reduced holdings as GNTX ratio dropped. 98 grew positions while 52 funds amassed positions. Funds hold 219.42 million shares thus 2.26% less from 2017Q3’s 224.48 million shares. Bank & Trust Of America De accumulated 844,535 shs. Aperio Limited Liability Corp invested in 0.01% or 87,191 shs. Great Lakes Lc, a Illinois-based fund reported 112,422 shs. James Investment Rech holds 0.01% in Gentex Corporation (NASDAQ:GNTX) or 18,020 shs. Hartline Inv Corp owns 12,170 shs. Grimes And Com has 320,065 shs. 17,101 are owned by Bessemer Grp Incorporated. Bank Of Ny Mellon Corp holds 4.14 million shs. Rk Asset Mngmt Limited accumulated 2.28% or 128,870 shs. Weatherly Asset Mngmt Limited Partnership invested in 11,288 shs or 0.06% of the stock. Liberty Mutual Group Asset Mngmt holds 72,488 shs or 0.04% of its capital. United Serv Automobile Association reported 38,120 shs. Congress Asset Management Ma reported 0.08% in Gentex Corporation (NASDAQ:GNTX). Kenmare Partners Ltd holds 2.97% of its capital in Gentex Corporation (NASDAQ:GNTX) for 130,000 shs. Moreover, Renaissance Technology Ltd Liability Corporation has 0.02% invested in Gentex Corporation (NASDAQ:GNTX).

GNTX had 9 insider sales and 0 buys since January 29, 2018. This’s net activity of $24.82 million. Another trade for 12,000 shs valued at $280,776 was sold by Wallace James H. MULDER JOHN A sold $611,341 worth of Gentex Corporation (NASDAQ:GNTX) or 26,000 shs on Monday, January 29. SOTOK FREDERICK A also sold $91,665 worth of Gentex Corporation (NASDAQ:GNTX) shs. $23,860 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Matthews Joseph E IV. $280,968 worth of stock was sold by GOODE GARY F on Monday, January 29. Shares for $1.11M were sold by Hoekstra Peter on Monday, January 29.

In Gentex Corp (NASDAQ:GNTX) was decreased the stake owned by Scharf Investments Llc. The reduction is 8.82% according to 2018Q1 SEC filling. By selling 466,757 shares Scharf Investments Llc made the stock Popped Up with 8.38%. The o.e.m. company at the end of 2018Q1 was valued at $111.02 million. It’s down from 5.29 million at the end of the previous reported quarter. Now it had 4.82 million shares held by the institutional investor . $6.53 billion is the market cap of Gentex Corp. The stock increased 2.67% or $0.62 during the last trading session, hitting $23.83.Currently Gentex Corporation is uptrending after 8.07% change in last May 17, 2017. GNTX has 1.80 million shares volume. GNTX underperformed by 3.48% the S&P 500.

For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Scharf Investments Llc is a California-based institutional investor with more than $2.69 billion AUM in January, 2015. Taken from Scharf Investments latest Adv, the fund reported to have 16 full and part-time employees. Among which 10 performing investment advisory and research functions. The institutional investor had more than 1300 clients.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

In total 6 analysts cover Gentex (NASDAQ:GNTX). “Buy” rating has 2, “Sell” are 0, while 4 are “Hold”. (NASDAQ:GNTX) has 33% bullish analysts. 12 are the (NASDAQ:GNTX)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Tuesday, April 24 the stock of Gentex Corporation (NASDAQ:GNTX) has “Neutral” rating given by JP Morgan. On Wednesday, March 14 the firm has “Hold” rating by Susquehanna given. In Monday, March 12 report FBR Capital maintained it with “Buy” rating and $29.0 target. On Tuesday, March 27 the firm has “Buy” rating by FBR Capital given. On Sunday, April 22 Susquehanna maintained Gentex Corporation (NASDAQ:GNTX) with “Hold” rating. On Tuesday, January 2 the rating was maintained by FBR Capital with “Buy”. The stock rating was maintained by FBR Capital with “Buy” on Thursday, February 22. On Monday, January 29 the firm has “Hold” rating given by Craig Hallum. On Thursday, January 11 the rating was maintained by FBR Capital with “Buy”. On Tuesday, January 23 the stock of Gentex Corporation (NASDAQ:GNTX) earned “Hold” rating by Robert W. Baird.

Gentex Corporation designs, develops, makes, and markets automatic-dimming rearview mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide.The firm is worth $6.53 billion. It offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.16.9 is the P/E ratio. The firm also provides photoelectric smoke detectors and alarms, audible and visual signaling alarms, photoelectric smoke detectors and electrochemical carbon monoxide alarms, electrochemical carbon monoxide detectors and alarms, and bells and speakers for use in fire detection systems in office buildings, hotels, and other commercial and residential establishments.

Gentex Corporation (NASDAQ:GNTX) Institutional Investors Chart

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