Crawford Investment Counsel Inc Lowers stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Crawford Investment Counsel Inc reduced its stake in Gentex Corporation by 0.29% during the most recent quarter end. The investment management company now holds a total of 4,147,582 shares of Gentex Corporation which is valued at $67.3 Million after selling 12,130 shares in Gentex Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Gentex Corporation makes up approximately 2.82% of Crawford Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 19,536 shares of GNTX which is valued $316,874.Systematic Financial Management Lp boosted its stake in GNTX in the latest quarter, The investment management firm added 90,980 additional shares and now holds a total of 389,910 shares of Gentex Corporation which is valued at $6.3 Million. Gentex Corporation makes up approx 0.08% of Systematic Financial Management Lp’s portfolio.Blackrock Investment Management reduced its stake in GNTX by selling 19,720 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 817,312 shares of GNTX which is valued at $13.3 Million. Gentex Corporation makes up approx 0.02% of Blackrock Investment Management’s portfolio.Congress Asset Management Co boosted its stake in GNTX in the latest quarter, The investment management firm added 7,299 additional shares and now holds a total of 242,390 shares of Gentex Corporation which is valued at $3.9 Million. Gentex Corporation makes up approx 0.10% of Congress Asset Management Co’s portfolio.Teachers Advisors Inc boosted its stake in GNTX in the latest quarter, The investment management firm added 117,978 additional shares and now holds a total of 353,418 shares of Gentex Corporation which is valued at $5.7 Million. Gentex Corporation makes up approx 0.01% of Teachers Advisors Inc’s portfolio.

Gentex Corporation opened for trading at $15.81 and hit $16.32 on the upside on Wednesday, eventually ending the session at $16.28, with a gain of 3.50% or 0.55 points. The heightened volatility saw the trading volume jump to 35,00,363 shares. Company has a market cap of $4,702 M.

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.

Investors should note that on May 19, 2016, Gentex Corporation announced a cash dividend of $0.0900. The company’s management has announced Jul 5, 2016 as the ex-dividend date and fixed the record date on Jul 7, 2016. The payable date has been fixed on Jul 20, 2016.

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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