By $10.74 Million Scharf Investments Llc Trimmed its Position in Gentex Corp (NASDAQ:GNTX)

May 17, 2018 - By Billy Entrekin

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 is negative. 98 grew stakes while 52 funds bought stakes. Funds hold 219.42 million shares thus 2.26% less from 2017Q3’s 224.48 million shares. Maryland-based Profund Advsrs Ltd Limited Liability Company has invested 0.03% in Gentex Corporation (NASDAQ:GNTX). Citigroup reported 215,415 shs. Zurcher Kantonalbank (Zurich Cantonalbank) reported 27,106 shs stake. Gradient Invests Ltd Liability stated it has 0% of its capital in Gentex Corporation (NASDAQ:GNTX). Gateway Inv Advisers Limited Liability has invested 0.01% in Gentex Corporation (NASDAQ:GNTX). Greenwich Wealth Ltd Co holds 34,419 shs or 0.12% of its capital. Burgundy Asset Management Limited owns 11.10M shs or 2.12% of their US capital. 2.31 million were reported by Northern Trust Corp. Clinton Gp Incorporated holds 108,487 shs. Putnam Invests Ltd Liability Co accumulated 109,200 shs or 0.01% of the stock. Disciplined Growth Invsts Inc Mn stated it has 4.34M shs. King Luther Capital Mngmt Corporation, a Texas-based fund reported 32,700 shs. Hendershot has 196,955 shs for 1.66% of their capital. Carroll Fincl Assocs Inc accumulated 554 shs or 0% of the stock. Yorktown Mngmt & Com owns 18,000 shs.

GNTX had 9 sales and 0 insider purchases since January 29, 2018. This’s net activity of $24.82 million. Wallace James H also sold $280,776 worth of Gentex Corporation (NASDAQ:GNTX) on Tuesday, January 30. SOTOK FREDERICK A also sold $91,665 worth of Gentex Corporation (NASDAQ:GNTX) on Wednesday, May 2. $280,968 worth of stock was sold by GOODE GARY F on Monday, January 29. 7,220 Gentex Corporation (NASDAQ:GNTX) shs with value of $170,823 were sold by Ryan Scott P. BAUER FRED had sold 946,200 shs worth $22.07M on Friday, March 9. The insider MULDER JOHN A sold 26,000 shs worth $611,341.

In Gentex Corp (NASDAQ:GNTX) was reduced the stake held by Scharf Investments Llc. The reduction is 8.82% according to 2018Q1 Securities and Exchange filling. 466,757 shares were sold by Scharf Investments Llc as the company’s stock rose 8.38% while stock markets declined. At the end of 2018Q1, the institutional investor held 4.82M shares of the o.e.m. company, priced at $111.02 million, down from 5.29 million at the end of the previous reported quarter. Gentex Corp has $6.53 billion market cap. GNTX is hitting $23.83 during the last trading session, after increased 2.67%.Gentex Corporation has volume of 1.80 million shares. Since May 17, 2017 GNTX has risen 8.07% and is uptrending. GNTX underperformed by 3.48% the S&P500.

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

Total analysts of 6 have positions in Gentex (NASDAQ:GNTX) as follows: 2 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 33%. Since January 2, 2018 according to StockzIntelligence Inc Gentex has 12 analyst reports. In Tuesday, January 2 report FBR Capital maintained it with “Buy” rating and $25.0 target. On Tuesday, January 23 the firm has “Hold” rating given by Robert W. Baird. In Wednesday, March 14 report Susquehanna maintained it with “Hold” rating and $24.0 target. The company rating was maintained by Susquehanna on Sunday, April 22. On Thursday, January 11 the stock of Gentex Corporation (NASDAQ:GNTX) has “Buy” rating given by FBR Capital. On Tuesday, April 24 JP Morgan maintained Gentex Corporation (NASDAQ:GNTX) rating. JP Morgan has “Neutral” rating and $25 target. On Monday, January 29 Craig Hallum maintained Gentex Corporation (NASDAQ:GNTX) with “Hold” rating. On Tuesday, March 27 FBR Capital maintained Gentex Corporation (NASDAQ:GNTX) with “Buy” rating. The company rating was maintained by FBR Capital on Thursday, February 22. On Monday, March 12 the firm has “Buy” rating given by FBR Capital.

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 valued at $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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