Scharf Investments Llc Trimmed Its Gentex Corp (NASDAQ:GNTX) Position by $10.74 Million; Price Rose

May 17, 2018 - By Charla Downs

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 fall. 98 grew stakes while 52 funds took stakes. Funds hold 219.42 million shares thus 2.26% less from 2017Q3’s 224.48 million shares. Morgan Stanley has 0.01% invested in Gentex Corporation (NASDAQ:GNTX). Geode Capital holds 0.02% or 3.42 million shs in its capital. Johnson Invest Counsel Inc holds 0.02% or 40,120 shs in its capital. Grandeur Peak Global Advsr Limited Liability Company holds 0.5% or 184,450 shs. Sprott has invested 3.21% in Gentex Corporation (NASDAQ:GNTX). Winfield Inc has invested 0% in Gentex Corporation (NASDAQ:GNTX). Riverbridge Limited Liability Company holds 2.06% or 5.08 million shs. Miles Cap Inc invested in 0.65% or 53,216 shs. Essex Fincl Services Incorporated invested 0.05% of its capital in Gentex Corporation (NASDAQ:GNTX). Dekabank Deutsche Girozentrale holds 6,000 shs. Bnp Paribas Arbitrage Sa, a New York-based fund reported 59,050 shs. 9.96M are owned by Fmr Limited Com. Reinhart reported 1.67M shs. State Board Of Administration Of Florida Retirement System owns 440,613 shs. Pggm Invests holds 865,482 shs.

GNTX had 9 sales and 0 insider buys since January 29, 2018. This’s net activity of $24.82 million. $280,776 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Wallace James H. On Tuesday, January 30 $184,282 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Nash Kevin C. On Monday, January 29 a trade for 47,000 shs valued at $1.11M was made by Hoekstra Peter. MULDER JOHN A sold $611,341 worth of stock or 26,000 shs. SOTOK FREDERICK A had sold 4,000 shs worth $91,665 on Wednesday, May 2. On Wednesday, January 31 Shares for $170,823 were sold by Ryan Scott P.

In 2018Q1 Securities and Exchange filling is reported Scharf Investments Llc’s stake in Gentex Corp (NASDAQ:GNTX) which was decreased by 8.82%. The company’s stock rose 8.38% while stock markets declined as Scharf Investments Llc sold 466,757 shares. The o.e.m. company at the end of 2018Q1 was priced at $111.02 million. It’s down from 5.29M at the end of the previous reported quarter. Now it had 4.82M shares held by the institutional investor . $6.53B is Gentex Corp’s MC. GNTX hit $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%.

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

A total of 6 analysts rate Gentex (NASDAQ:GNTX) as follows: 2 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 33% are bullish. (NASDAQ:GNTX) has 12 ratings reports on May 17, 2018 according to StockzIntelligence. The stock rating was maintained by FBR Capital with “Buy” on Thursday, February 22. The company rating was maintained by JP Morgan on Tuesday, April 24. On Monday, March 12 FBR Capital maintained Gentex Corporation (NASDAQ:GNTX) rating. FBR Capital has “Buy” rating and $29.0 target. On Tuesday, January 2 the stock has “Buy” rating by FBR Capital. On Tuesday, March 27 FBR Capital maintained Gentex Corporation (NASDAQ:GNTX) with “Buy” rating. On Tuesday, January 23 the stock of Gentex Corporation (NASDAQ:GNTX) has “Hold” rating given by Robert W. Baird. On Thursday, January 11 the firm has “Buy” rating given by FBR Capital. On Monday, January 29 the firm has “Hold” rating by Craig Hallum given. In Wednesday, March 14 report Susquehanna maintained the stock with “Hold” rating. On Sunday, April 22 Susquehanna maintained Gentex Corporation (NASDAQ:GNTX) rating. Susquehanna has “Hold” rating and $2500 target.

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 company has $6.53 billion market cap. 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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