It’s been a crucial week for Gentex Corporation (NASDAQ:GNTX); here’s what analysts have to say.

February 22, 2018 - By Adrian Mccoy

 It's been a crucial week for Gentex Corporation (NASDAQ:GNTX); here's what analysts have to say.
Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.32, from 0.92 in 2017Q2. It improved, as 35 investors sold Gentex Corporation shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported.
Texas-based King Luther Capital Mngmt Corp has invested 0.06% in Gentex Corporation (NASDAQ:GNTX). Spectrum has invested 0% in Gentex Corporation (NASDAQ:GNTX). Cambridge Research Advisors stated it has 65,650 shares or 0.02% of all its holdings. Amer Interest has 645,571 shares for 0.05% of their portfolio. Maryland-based Investment Counselors Of Maryland Limited Liability Co has invested 0.13% in Gentex Corporation (NASDAQ:GNTX). Sterling Capital Management Llc owns 4.71 million shares or 0.88% of their US portfolio. Tiaa Cref Inv Management Limited Liability invested 0.02% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Kornitzer Cap Mngmt Ks reported 25,998 shares stake. Cornercap Invest Counsel has 64,684 shares. Sii Invs Wi invested in 13,565 shares. Texas-based Wallace Capital has invested 0.54% in Gentex Corporation (NASDAQ:GNTX). First Trust Advsrs Limited Partnership invested 0.02% in Gentex Corporation (NASDAQ:GNTX). Columbia Wanger Asset Mngmt Ltd Limited Liability Company invested 0.36% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Texas Permanent School Fund holds 0.05% or 208,463 shares in its portfolio. Ellington Management Group Ltd reported 23,000 shares.

Since September 27, 2017, it had 0 buys, and 8 insider sales for $2.88 million activity. Wallace James H had sold 12,000 shares worth $280,776. 26,000 shares were sold by MULDER JOHN A, worth $611,341 on Monday, January 29. 12,000 shares were sold by GOODE GARY F, worth $280,968. Nash Kevin C sold $85,094 worth of Gentex Corporation (NASDAQ:GNTX) on Wednesday, September 27. The insider Ryan Scott P sold $170,823. $1.11M worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by Hoekstra Peter.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 19 analyst reports since October 20, 2015 according to SRatingsIntel. As per Friday, October 21, the company rating was maintained by FBR Capital. The rating was maintained by Robert W. Baird on Monday, October 23 with “Outperform”. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Outperform” rating by Robert W. Baird on Thursday, August 24. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Hold” rating by Craig Hallum on Monday, January 29. FBR Capital maintained it with “Buy” rating and $25.0 target in Thursday, January 11 report. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Buy” rating by FBR Capital on Tuesday, January 2. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, August 23. The stock has “Neutral” rating by Susquehanna on Monday, December 19. FBR Capital maintained the shares of GNTX in report on Wednesday, July 19 with “Buy” rating. The rating was downgraded by Robert W. Baird on Wednesday, January 27 to “Neutral”. Below is a list of Gentex Corporation (NASDAQ:GNTX) latest ratings and price target changes.

29/01/2018 Broker: Craig Hallum Rating: Hold New Target: $23.0 Maintain
23/01/2018 Broker: Robert W. Baird Rating: Hold Downgrade
11/01/2018 Broker: FBR Capital Rating: Buy New Target: $25.0 Maintain
05/01/2018 Broker: Longbow Rating: Buy New Target: $25 Initiates Coverage On
02/01/2018 Broker: FBR Capital Rating: Buy New Target: $25.0 Maintain
13/11/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $25.0 Maintain
23/10/2017 Broker: Robert W. Baird Rating: Outperform Old Target: $22 New Target: $21 Maintain
20/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $21.0 Maintain
12/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $25.0 Maintain
23/08/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $25.0 Maintain

The stock increased 1.09% or $0.25 during the last trading session, reaching $23.21. About 619,195 shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since February 22, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

Gentex Corporation designs, develops, makes, and markets 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 worldwide. The company has market cap of $6.59 billion. It offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers. It has a 16.46 P/E ratio. The firm also provides photoelectric smoke detectors and alarms, audible and visual signaling alarms, photoelectric smoke detectors and electrochemical carbon monoxide alarms, electrochemical carbon monoxide detectors and alarms, and bells and speakers for use in fire detection systems in office buildings, hotels, and other commercial and residential establishments.

More recent Gentex Corporation (NASDAQ:GNTX) news were published by: Seekingalpha.com which released: “Gentex: Prepared For The Future Of Auto Components” on January 26, 2018. Also Globenewswire.com published the news titled: “Gentex Reports Fourth Quarter and Year End 2017 Financial Results” on January 26, 2018. Nasdaq.com‘s news article titled: “Earnings Reaction History: Gentex Corporation, 50.0% Follow-Through Indicator …” with publication date: January 26, 2018 was also an interesting one.

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