Stock Worth Mentioning Today: Gentex Corp (NASDAQ:GNTX) Move Up as Institutional Investors’ Sentiment Crashes

November 29, 2016 - By Adrian Mccoy   ·   0 Comments

Stock Worth Mentioning Today: Gentex Corp (NASDAQ:GNTX) Move Up as Institutional Investors' Sentiment  Crashes

Sentiment for Gentex Corp (NASDAQ:GNTX)

Gentex Corp (NASDAQ:GNTX) institutional sentiment decreased to 0.85 in Q2 2016. Its down -0.41, from 1.26 in 2016Q1. The ratio turned negative, as 170 hedge funds increased and started new stock positions, while 135 reduced and sold their equity positions in Gentex Corp. The hedge funds in our partner’s database now possess: 238.49 million shares, down from 255.00 million shares in 2016Q1. Also, the number of hedge funds holding Gentex Corp in their top 10 stock positions decreased from 9 to 8 for a decrease of 1. Sold All: 20 Reduced: 115 Increased: 139 New Position: 31.

Gentex Corporation designs and manufactures 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. The company has a market cap of $5.16 billion. The Company’s divisions include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows. It has a 15.34 P/E ratio. The Company’s business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.

The stock closed at $18.25 during the last session. It is down 12.52% since April 26, 2016 and is uptrending. It has outperformed by 7.26% the S&P500.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on January, 26. They expect $0.31 earnings per share, up 3.33% or $0.01 from last year’s $0.3 per share. GNTX’s profit will be $87.65 million for 14.72 P/E if the $0.31 EPS becomes a reality. After $0.32 actual earnings per share reported by Gentex Corporation for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

According to Zacks Investment Research, “Gentex Corporation is an international company that provides high-quality products to the worldwide automotive industry and North American fire protection market. The Company develops, manufactures and markets proprietary electro-optic products, including interior and exterior electrochromic, automatic-dimming Night Vision Safety automotive rearview mirrors that dim in proportion to the amount of headlight glare from trailing vehicle headlamps, and an extensive line of fire protection products for commercial applications.”

Rk Asset Management Llc holds 9.26% of its portfolio in Gentex Corporation for 670,755 shares. Underhill Investment Management Llc owns 979,150 shares or 8.16% of their US portfolio. Moreover, Kenmare Capital Partners L.L.C. has 4.33% invested in the company for 269,800 shares. The Massachusetts-based Birch Hill Investment Advisors Llc has invested 3.82% in the stock. Capital Management Corp Va, a Virginia-based fund reported 621,241 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 11 selling transactions for $24.20 million net activity.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

Ratings analysis reveals 50% of Gentex Corp’s analysts are positive. Out of 2 Wall Street analysts rating Gentex Corp, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $14 while the high is $22. The stock’s average target of $18.50 is 1.37% above today’s ($18.25) share price. GNTX was included in 4 notes of analysts from October 20, 2015. The company was downgraded on Wednesday, January 27 by Robert W. Baird. FBR Capital maintained Gentex Corporation (NASDAQ:GNTX) on Friday, October 21 with “Outperform” rating.

GNTX Company Profile

Gentex Corporation, incorporated on January 11, 1974, creates and makes 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. The Company’s divisions include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows. The Company’s business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. The Firm also designs, develops and makes various electronics features that are additive to the interior and exterior automotive rearview mirrors, as well as interior visors and overhead consoles. The Firm ships its product to all of the automotive producing regions across the world.

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By Adrian Mccoy


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