Reinhart Partners buys $28,595,532 stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Reinhart Partners scooped up 563,276 additional shares in Gentex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 1,802,997 shares of Gentex Corporation which is valued at $28,595,532.Gentex Corporation makes up approximately 2.88% of Reinhart Partners’s portfolio.

Gentex Corporation closed down -0.13 points or -0.81% at $15.86 with 31,17,880 shares getting traded on Friday. Post opening the session at $16.1, the shares hit an intraday low of $15.73 and an intraday high of $16.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Gateway Investment Advisers boosted its stake in GNTX in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 94,037 shares of Gentex Corporation which is valued at $1,491,427. Gentex Corporation makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Gradient Investments reduced its stake in GNTX by selling 279 shares or 34.19% in the most recent quarter. The Hedge Fund company now holds 537 shares of GNTX which is valued at $8,377. Proficio Capital Partners added GNTX to its portfolio by purchasing 290 company shares during the most recent quarter which is valued at $4,356.Conestoga Capital Advisors reduced its stake in GNTX by selling 12,105 shares or 29.88% in the most recent quarter. The Hedge Fund company now holds 28,412 shares of GNTX which is valued at $426,748. Gentex Corporation makes up approx 0.03% of Conestoga Capital Advisors’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.

Many Wall Street Analysts have commented on Gentex Corporation. Shares were Downgraded by Robert W. Baird on Jan 27, 2016 to ” Neutral” and Lowered the Price Target to $ 14 from a previous price target of $22 .

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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