Gentex Corporation (GNTX) : Clearbridge scooped up 38,550 additional shares in Gentex Corporation during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 828,150 shares of Gentex Corporation which is valued at $13.1 Million.Gentex Corporation makes up approximately 0.26% of Clearbridge’s portfolio.
Other Hedge Funds, Including , Two Sigma Investments sold out all of its stake in GNTX during the fourth quarter. The investment firm sold 386,551 shares of GNTX which is valued $6.1 Million.Bahl Gaynor Inc boosted its stake in GNTX during the Q4 period, The investment management firm added 21,230 additional shares and now holds a total of 354,765 shares of Gentex Corporation which is valued at $5.6 Million. Gentex Corporation makes up approx 0.07% of Bahl Gaynor Inc’s portfolio. Quadrature Capital Ltd added GNTX to its portfolio by purchasing 20,346 company shares during the Fourth Quarter which is valued at $321,467. Gentex Corporation makes up approx 0.05% of Quadrature Capital Ltd’s portfolio.Advisors Asset Management boosted its stake in GNTX during the Q4 period, The investment management firm added 41,075 additional shares and now holds a total of 97,092 shares of Gentex Corporation which is valued at $1.5 Million. Gentex Corporation makes up approx 0.02% of Advisors Asset Management’s portfolio.
On the company’s financial health, Gentex Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.27. The company had revenue of $405.59 million for the quarter, compared to analysts expectations of $392.27 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Gentex Corporation. Shares were Downgraded by Robert W. Baird on Jan 27, 2016 to ” Neutral” and Lowered the Price Target to $ 14 from a previous price target of $22 .
Gentex Corporation closed down -0.27 points or -1.75% at $15.19 with 22,58,273 shares getting traded on Monday. Post opening the session at $15.51, the shares hit an intraday low of $15.18 and an intraday high of $15.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 Companys 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. It also designs develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.