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

May 17, 2018 - By Vernon Rice

Gentex Corporation (NASDAQ:GNTX) Corporate LogoBig Money Sentiment decreased to 0.88 in 2017 Q4. It has change of 0.36, from 2017Q3’s 1.24. The ratio dropped due to GNTX positioning: 26 sold and 144 reduced. 52 funds amassed stakes and 98 increased stakes. Investors holded 224.48 million in 2017Q3 but now own 219.42 million shares or 2.26% less. The Minnesota-based Ameriprise Inc has invested 0.01% in Gentex Corporation (NASDAQ:GNTX). The France-based Bnp Paribas Asset Mgmt Sa has invested 0.04% in Gentex Corporation (NASDAQ:GNTX). Clinton has 108,487 shs. Etrade Management Ltd Company reported 34,938 shs. Blackrock holds 23.82M shs or 0.02% of its capital. Euclidean Technology Mgmt Ltd Co owns 97,653 shs or 2.01% of their US capital. Hartford Mgmt Com holds 82,360 shs. State Street Corporation owns 8.01M shs for 0.01% of their capital. Koch has 25,103 shs. Barclays Public Ltd Com has invested 0% in Gentex Corporation (NASDAQ:GNTX). Schroder Inv Gp reported 5.03 million shs or 0.17% of all its holdings. Evercore Wealth Management Limited Liability Corporation accumulated 1,253 shs. The California-based Lpl Fin Limited has invested 0% in Gentex Corporation (NASDAQ:GNTX). 5.29M are owned by Scharf Invests. Hillsdale Invest Mgmt owns 390 shs.

GNTX had 9 selling transactions and 0 insider purchases since January 29, 2018. This’s net activity of $24.82 million. On Tuesday, January 30 Shares for $184,282 were sold by Nash Kevin C. Ryan Scott P sold $170,823 worth of Gentex Corporation (NASDAQ:GNTX) or 7,220 shs on Wednesday, January 31. 12,000 Gentex Corporation (NASDAQ:GNTX) shs with value of $280,776 were sold by Wallace James H. On Friday, March 9 BAUER FRED sold $22.07M worth of Gentex Corporation (NASDAQ:GNTX). The insider Hoekstra Peter sold 47,000 shs worth $1.11M. SOTOK FREDERICK A had sold 4,000 shs worth $91,665.

Based on the latest 2018Q1 regulatory filing with the SEC, Scharf Investments Llc decreased its stake in Gentex Corp (NASDAQ:GNTX) by 8.82%. The company’s stock rose 8.38% while stock markets declined as Scharf Investments Llc sold 466,757 shares. The institutional investor is holding 4.82M shares, compared to the 5.29M from the previous quarter. And the announced value of the o.e.m. company is $111.02M for the 2018Q1. $6.53 billion is the MC of Gentex Corp. GNTX touched $23.83 during the last trading session after $0.62 change.Currently Gentex Corporation is uptrending after 8.07% change in last May 17, 2017. GNTX has 1.80 million shares volume. GNTX underperformed the S&P 500 by 3.48%.

Scharf Investments Llc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

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”. 33% are bullish. 12 are the (NASDAQ:GNTX)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Thursday, February 22 the stock of Gentex Corporation (NASDAQ:GNTX) earned “Buy” rating by FBR Capital. On Sunday, April 22 Susquehanna maintained the shares of GNTX in report with “Hold” rating. The stock rating was maintained by FBR Capital with “Buy” on Tuesday, January 2. In Monday, March 12 report FBR Capital maintained it with “Buy” rating and $29.0 target. On Tuesday, March 27 FBR Capital maintained Gentex Corporation (NASDAQ:GNTX) with “Buy” rating. On Wednesday, March 14 Susquehanna maintained the shares of GNTX in report with “Hold” rating. On Monday, January 29 Craig Hallum maintained the shares of GNTX in report with “Hold” rating. On Tuesday, April 24 the rating was maintained by JP Morgan with “Neutral”. On Thursday, January 11 the stock of Gentex Corporation (NASDAQ:GNTX) earned “Buy” rating by FBR Capital. On Tuesday, January 23 the firm has “Hold” rating given 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.The P/E ratio is 16.9. 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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