Royce Associates Lp buys $134,207,475 stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Royce Associates Lp scooped up 142,048 additional shares in Gentex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 7,378,091 shares of Gentex Corporation which is valued at $134,207,475.Gentex Corporation makes up approximately 0.84% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc reduced its stake in GNTX by selling 78,950 shares or 4.87% in the most recent quarter. The Hedge Fund company now holds 1,540,604 shares of GNTX which is valued at $28,023,587. Gentex Corporation makes up approx 0.23% of Los Angeles Capital Management Equity Research Inc’s portfolio.Shufro Rose Co boosted its stake in GNTX in the latest quarter, The investment management firm added 4,075 additional shares and now holds a total of 245,250 shares of Gentex Corporation which is valued at $4,340,925. Gentex Corporation makes up approx 0.46% of Shufro Rose Co’s portfolio.Riverbridge Partners reduced its stake in GNTX by selling 198,191 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 7,192,045 shares of GNTX which is valued at $124,781,981. Gentex Corporation makes up approx 2.51% of Riverbridge Partners’s portfolio.First Quadrant L Pca boosted its stake in GNTX in the latest quarter, The investment management firm added 50,100 additional shares and now holds a total of 772,300 shares of Gentex Corporation which is valued at $12,503,537. Gentex Corporation makes up approx 0.27% of First Quadrant L Pca’s portfolio.

Gentex Corporation opened for trading at $18.16 and hit $18.3 on the upside on Monday, eventually ending the session at $18.28, with a gain of 1.11% or 0.2 points. The heightened volatility saw the trading volume jump to 11,69,283 shares. Company has a market cap of $5,243 M.

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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