Integrated Investment Consultants Lowers stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Integrated Investment Consultants reduced its stake in Gentex Corporation by 2.1% during the most recent quarter end. The investment management company now holds a total of 4,660 shares of Gentex Corporation which is valued at $81,317 after selling 100 shares in Gentex Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Gentex Corporation makes up approximately 0.04% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in GNTX in the latest quarter, The investment management firm added 284 additional shares and now holds a total of 22,223 shares of Gentex Corporation which is valued at $387,791. Gentex Corporation makes up approx 0.04% of Reliance Trust Co Of Delaware’s portfolio. Atria Investments added GNTX to its portfolio by purchasing 27,898 company shares during the most recent quarter which is valued at $491,284. Gentex Corporation makes up approx 0.05% of Atria Investments’s portfolio.Legal General Group Plc boosted its stake in GNTX in the latest quarter, The investment management firm added 4,328 additional shares and now holds a total of 1,065,283 shares of Gentex Corporation which is valued at $18,759,634. Gentex Corporation makes up approx 0.02% of Legal General Group Plc’s portfolio. North Star Investment Management Corp. added GNTX to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $7,044.

Gentex Corporation closed down -0.05 points or -0.29% at $17.45 with 16,14,574 shares getting traded on Friday. Post opening the session at $17.58, the shares hit an intraday low of $17.41 and an intraday high of $17.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Gentex Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.29. The company had revenue of $423.80 million for the quarter, compared to analysts expectations of $416.74 million. The company’s revenue was up 11.7% 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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