Underhill Investment Management Lowers stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Underhill Investment Management reduced its stake in Gentex Corporation by 2.89% during the most recent quarter end. The investment management company now holds a total of 969,400 shares of Gentex Corporation which is valued at $15,549,176 after selling 28,800 shares in Gentex Corporation , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Gentex Corporation makes up approximately 7.94% of Underhill Investment Management’s portfolio.

Gentex Corporation opened for trading at $16.16 and hit $16.27 on the upside on Monday, eventually ending the session at $16.22, with a gain of 1.12% or 0.18 points. The heightened volatility saw the trading volume jump to 33,75,095 shares. Company has a market cap of $4,686 M.

Other Hedge Funds, Including , Granite Investment Advisors reduced its stake in GNTX by selling 4,180 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 275,875 shares of GNTX which is valued at $4,425,035. Gentex Corporation makes up approx 0.88% of Granite Investment Advisors’s portfolio.Pggm Investments boosted its stake in GNTX in the latest quarter, The investment management firm added 170,599 additional shares and now holds a total of 1,804,538 shares of Gentex Corporation which is valued at $28,619,973. Gentex Corporation makes up approx 0.15% of Pggm Investments’s portfolio.Advisory Services Network boosted its stake in GNTX in the latest quarter, The investment management firm added 5,375 additional shares and now holds a total of 47,007 shares of Gentex Corporation which is valued at $745,531. Gentex Corporation makes up approx 0.20% of Advisory Services Network’s portfolio. Integrated Investment Consultants added GNTX to its portfolio by purchasing 4,760 company shares during the most recent quarter which is valued at $74,256. Gentex Corporation makes up approx 0.04% of Integrated Investment Consultants’s portfolio.

On the company’s financial health, Gentex Corporation reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $405.60 million for the quarter, compared to analysts expectations of $405.01 million. The company’s revenue was up 9.7% 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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