Riverbridge Partners Lowers stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Riverbridge Partners reduced its stake in Gentex Corporation by 2.68% during the most recent quarter end. The investment management company now holds a total of 7,192,045 shares of Gentex Corporation which is valued at $124,781,981 after selling 198,191 shares in Gentex Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Gentex Corporation makes up approximately 2.51% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in GNTX by selling 28,463 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 605,330 shares of GNTX which is valued at $10,502,476. Gentex Corporation makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Cardinal Capital Management boosted its stake in GNTX in the latest quarter, The investment management firm added 1,351 additional shares and now holds a total of 16,457 shares of Gentex Corporation which is valued at $290,795. Gentex Corporation makes up approx 0.11% of Cardinal Capital Management’s portfolio.American Century Companies Inc reduced its stake in GNTX by selling 33,147 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 1,426,550 shares of GNTX which is valued at $25,948,945. Gentex Corporation makes up approx 0.03% of American Century Companies Inc’s portfolio.Granite Investment Advisors reduced its stake in GNTX by selling 9,110 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 266,765 shares of GNTX which is valued at $4,695,064. Gentex Corporation makes up approx 0.92% of Granite Investment Advisors’s portfolio.1st Global Advisors boosted its stake in GNTX in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 13,742 shares of Gentex Corporation which is valued at $241,859. Gentex Corporation makes up approx 0.03% of 1st Global Advisors’s portfolio.

Gentex Corporation (GNTX) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $17.3 and reached the intraday high at $17.44. The bulls started the profit booking and pushed the shares to intraday low of $17.29. The trading session was marked by a volume range of 12,82,553 shares exchanging hands. The 52-week high of the shares is $18.25 and the 52-week low is $12.93. The market cap of the company stands at $5,011 M and there are 28,88,32,800 shares in public circulation.

On the company’s financial health, Gentex Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.29. The company had revenue of $423.80 million for the quarter, compared to analysts expectations of $416.74 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

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’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. 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.

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