Rk Asset Management Lowers stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Rk Asset Management reduced its stake in Gentex Corporation by 5.46% during the most recent quarter end. The investment management company now holds a total of 634,100 shares of Gentex Corporation which is valued at $11,236,252 after selling 36,655 shares in Gentex Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Gentex Corporation makes up approximately 10.26% of Rk Asset Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in GNTX in the latest quarter, The investment management firm added 1,991 additional shares and now holds a total of 99,964 shares of Gentex Corporation which is valued at $1,771,362. Gentex Corporation makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio. Simplex Trading sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 37,873 shares of GNTX which is valued $674,139.Independent Portfolio Consultants boosted its stake in GNTX in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 22,150 shares of Gentex Corporation which is valued at $396,264. Gentex Corporation makes up approx 0.12% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 170 shares of GNTX which is valued $3,041.Eqis Capital Management boosted its stake in GNTX in the latest quarter, The investment management firm added 5,811 additional shares and now holds a total of 22,220 shares of Gentex Corporation which is valued at $397,516. Gentex Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.

Gentex Corporation closed down -0.11 points or -0.62% at $17.61 with 16,54,227 shares getting traded on Tuesday. Post opening the session at $17.65, the shares hit an intraday low of $17.51 and an intraday high of $17.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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