Price Don’t Lie: Gentex Corporation’s Stock Is Buy After Today’s Significant Increase

Price Don't Lie: Gentex Corporation's Stock Is Buy After Today's Significant Increase

The stock of Gentex Corporation (NASDAQ:GNTX) is a huge mover today! About 886,019 shares traded hands. Gentex Corporation (NASDAQ:GNTX) has risen 12.85% since April 11, 2016 and is uptrending. It has outperformed by 6.70% the S&P500.
The move comes after 9 months positive chart setup for the $4.98 billion company. It was reported on Nov, 11 by Barchart.com. We have $21.09 PT which if reached, will make NASDAQ:GNTX worth $1.15 billion more.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

Out of 2 analysts covering Gentex Corp (NASDAQ:GNTX), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Gentex Corp has been the topic of 4 analyst reports since October 20, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, January 27. The company was maintained on Friday, October 21 by FBR Capital.

According to Zacks Investment Research, “Gentex Corporation is an international company that provides high-quality products to the worldwide automotive industry and North American fire protection market. The Company develops, manufactures and markets proprietary electro-optic products, including interior and exterior electrochromic, automatic-dimming Night Vision Safety automotive rearview mirrors that dim in proportion to the amount of headlight glare from trailing vehicle headlamps, and an extensive line of fire protection products for commercial applications.”

Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.14, from 1.12 in 2016Q1. The ratio is positive, as 20 funds sold all Gentex Corporation shares owned while 115 reduced positions. 31 funds bought stakes while 139 increased positions. They now own 238.49 million shares or 6.47% less from 255.00 million shares in 2016Q1.
Kirr Marbach And Company Llc In last reported 2.13% of its portfolio in the stock. Los Angeles Cap Management Equity Rech Inc has 1.54M shares for 0.2% of their US portfolio. Motley Fool Asset Management Limited Com reported 540,000 shares or 1.82% of all its holdings. Brandywine Invest Mgmt Ltd Liability Corporation holds 0.03% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 264,190 shares. Creative Planning has 0.33% invested in the company for 2.95 million shares. Profund Advisors Ltd Limited Liability Company last reported 0.03% of its portfolio in the stock. Blackrock last reported 0% of its portfolio in the stock. Gamco Et Al owns 260,000 shares or 0.03% of their US portfolio. Moreover, Mai Cap Management has 0.02% invested in Gentex Corporation (NASDAQ:GNTX) for 12,670 shares. Ngam Advsr L P owns 131,342 shares or 0.03% of their US portfolio. Comml Bank Of Nova Scotia holds 0% or 38,581 shares in its portfolio. Moreover, Lafleur And Godfrey Limited Liability Co has 1.75% invested in Gentex Corporation (NASDAQ:GNTX) for 382,683 shares. Moreover, Eaton Vance Mngmt has 0% invested in Gentex Corporation (NASDAQ:GNTX) for 107,716 shares. Pax World Ltd Liability Com holds 880,000 shares or 0.79% of its portfolio. The Pennsylvania-based Nationwide Fund Advsr has invested 0.03% in Gentex Corporation (NASDAQ:GNTX).

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 11 insider sales for $24.19 million net activity. $155,379 worth of shares were sold by Downing Steven R on Monday, July 25. $91,206 worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by Ryan Scott P. BAUER FRED had sold 351,700 shares worth $5.79M on Tuesday, June 7. Shares for $421,730 were sold by GOODE GARY F on Monday, July 25. Matthews Joseph E IV sold $35,310 worth of stock. Another trade for 6,412 shares valued at $113,059 was made by Nash Kevin C on Monday, July 25. Another trade for 20,000 shares valued at $361,390 was sold by MULDER JOHN A.

Another recent and important Gentex Corporation (NASDAQ:GNTX) news was published by Seekingalpha.com which published an article titled: “Gentex Continues To Deliver Strong Results” on November 07, 2016.

GNTX Company Profile

Gentex Corporation, incorporated on January 11, 1974, creates and makes 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 divisions include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows. 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. The Firm also designs, develops and makes various electronics features that are additive to the interior and exterior automotive rearview mirrors, as well as interior visors and overhead consoles. The Firm ships its product to all of the automotive producing regions across the world.

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