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

May 17, 2018 - By Melissa Dutton

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 increased positions while 52 funds acquired positions. Funds hold 219.42 million shares thus 2.26% less from 2017Q3’s 224.48 million shares. Eaton Vance invested in 0.05% or 957,602 shs. Busey Trust invested in 175,947 shs. Lpl Ltd Liability reported 0% stake. Shelton Management has invested 0.04% in Gentex Corporation (NASDAQ:GNTX). Wealthtrust holds 0.01% or 1,071 shs in its capital. Mufg Americas Corp, a New York-based fund reported 4,217 shs. Amundi Pioneer Asset accumulated 0% or 106,637 shs. Criterion Limited Co owns 0.51% invested in Gentex Corporation (NASDAQ:GNTX) for 408,175 shs. Aqr Capital Management Lc invested in 51,799 shs or 0% of the stock. Long Road Invest Counsel Ltd Company holds 0.27% of its capital in Gentex Corporation (NASDAQ:GNTX) for 18,600 shs. Weaver C Barksdale & Assocs reported 479 shs or 0.01% of all its holdings. United Kingdom-based Hsbc Plc has invested 0.01% in Gentex Corporation (NASDAQ:GNTX). The Wisconsin-based Reinhart Prtnrs has invested 3.46% in Gentex Corporation (NASDAQ:GNTX). Price T Rowe Assocs Md invested 0% in Gentex Corporation (NASDAQ:GNTX). Texas Permanent School Fund reported 191,909 shs or 0.05% of all its holdings.

GNTX had 9 sales and 0 buys since January 29, 2018. This’s net activity of $24.82 million. Wallace James H sold 12,000 shs worth $280,776. On Monday, January 29 GOODE GARY F also sold $280,968 worth of Gentex Corporation (NASDAQ:GNTX). On Friday, March 9 Shares for $22.07 million were sold by BAUER FRED. On Thursday, March 1 Matthews Joseph E IV also sold $23,860 worth of Gentex Corporation (NASDAQ:GNTX). The insider Nash Kevin C sold $184,282. On Wednesday, January 31 $170,823 worth of stock was sold by Ryan Scott P.

According to 2018Q1 SEC filling the Scharf Investments Llc decreased its holdings 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. At the end of 2018Q1, the institutional investor held 4.82 million shares of the o.e.m. company, priced at $111.02M, down from 5.29 million at the end of the previous reported quarter. $6.53B is the MC 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”. 33% are bullish. 12 are the (NASDAQ:GNTX)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Susquehanna with “Hold” on Wednesday, March 14. On Sunday, April 22 the firm earned “Hold” rating by Susquehanna. On Monday, March 12 the rating was maintained by FBR Capital with “Buy”. On Tuesday, January 2 FBR Capital maintained the shares of GNTX in report with “Buy” rating. On Tuesday, April 24 the rating was maintained by JP Morgan with “Neutral”. In Thursday, January 11 report FBR Capital maintained it with “Buy” rating and $25.0 target. On Tuesday, March 27 the stock of Gentex Corporation (NASDAQ:GNTX) earned “Buy” rating by FBR Capital. The company rating was maintained by Craig Hallum on Monday, January 29. On Tuesday, January 23 the stock of Gentex Corporation (NASDAQ:GNTX) earned “Hold” rating by Robert W. Baird. On Thursday, February 22 the company was maintained 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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