Claar Advisors buys $6,037,500 stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Claar Advisors scooped up 250,000 additional shares in Gentex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 350,000 shares of Gentex Corporation which is valued at $6,037,500.Gentex Corporation makes up approximately 3.10% of Claar Advisors’s portfolio.

Other Hedge Funds, Including , Sunbelt Securities sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 348 shares of GNTX which is valued $6,003.Artisan Partners Limited Partnership reduced its stake in GNTX by selling 571,623 shares or 7.44% in the most recent quarter. The Hedge Fund company now holds 7,116,154 shares of GNTX which is valued at $120,618,810. Gentex Corporation makes up approx 0.25% of Artisan Partners Limited Partnership’s portfolio.Bb&t Securities boosted its stake in GNTX in the latest quarter, The investment management firm added 3,738 additional shares and now holds a total of 57,028 shares of Gentex Corporation which is valued at $954,649. Gentex Corporation makes up approx 0.01% of Bb&t Securities’s portfolio.Tower Research Capital (trc) boosted its stake in GNTX in the latest quarter, The investment management firm added 13,755 additional shares and now holds a total of 22,468 shares of Gentex Corporation which is valued at $377,462. Gentex Corporation makes up approx 0.04% of Tower Research Capital (trc)’s portfolio.Ibm Retirement Fund reduced its stake in GNTX by selling 1,995 shares or 6.97% in the most recent quarter. The Hedge Fund company now holds 26,614 shares of GNTX which is valued at $451,373. Gentex Corporation makes up approx 0.02% of Ibm Retirement Fund’s portfolio.

Gentex Corporation closed down -0.03 points or -0.17% at $18.01 with 32,22,274 shares getting traded on Monday. Post opening the session at $17.97, the shares hit an intraday low of $17.92 and an intraday high of $18.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Gentex Corporation reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.30. The company had revenue of $429.60 million for the quarter, compared to analysts expectations of $428.43 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Gentex Corporation. Company shares were Reiterated by FBR & Co. on Oct 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .

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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