Zacks Investment Research Upgrades Gentex (NASDAQ:GNTX) to Buy

Saturday, 13 Jan, 2018

In other Gentex Corporation news, VP Joseph E. Iv Matthews sold 2,244 shares of the company's stock in a transaction that occurred on Friday, November 18th. The institutional investor held 56,213 shares of the integrated oil company at the end of 2017Q3, valued at $2.16 million, up from 33,455 at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Gentex Corp for a number of months, seems to be bullish on the $6.17B market cap company. The stock increased 4.42% or $0.95 during the last trading session, reaching $22.44. The company had a trading volume of 1,898,070 shares, compared to its average volume of 2,500,510. It has outperformed by 60.25% the S&P500. Northwestern Mutual Wealth Management Co. now owns 5,293 shares of the auto parts company's stock worth $100,000 after acquiring an additional 368 shares in the last quarter. Perhaps, that suggests something about why 2.17% of the outstanding share supply is held by institutional investors.

Gentex (GNTX) traded down $0.23 during mid-day trading on Tuesday, reaching $21.49. About 701,971 shares traded.

Zacks Investment Research upgraded shares of Gentex (NASDAQ:GNTX) from a hold rating to a buy rating in a research report sent to investors on Tuesday, December 26th. It has outperformed by 2.93% the S&P500. Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Gentex Corporation (NASDAQ:GNTX). This is calculated by taking the earnings per share and dividing it by the last closing share price. GNTX's profit will be $90.85M for 17.73 P/E if the $0.32 EPS becomes a reality.

If the ratio is greater than 1, then that means there has been an increase in price over the month. Its up 0.29, from 1 in 2017Q2. 118 funds opened positions while 420 raised stakes. The auto parts company reported $0.31 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.31. Synovus Corporation holds 0% or 12,900 shares in its portfolio. (NYSE:BBY). Alpha Windward Limited Company invested in 0.03% or 960 shares. Whalerock Point Prns Limited Liability Com reported 0.14% of its portfolio in Gentex Corporation (NASDAQ:GNTX).

Further, we can see that Gentex Corporation (NasdaqGS:GNTX) has a Shareholder Yield of 0.023378 and a Shareholder Yield (Mebane Faber) of 0.06121. It also upped Nielsen Holdings Plc stake by 318,527 shares and now owns 10.08 million shares. Fuller And Thaler Asset Inc owns 7,600 shares or 0.01% of their United States portfolio. The Price to Cash Flow for Gentex Corporation (NasdaqGS:GNTX) is 12.786447. The New York-based Oppenheimer has invested 0.01% in Gentex Corporation (NASDAQ:GNTX). 56,720 were reported by Wellington Mngmt Llp. Citigroup Inc reported 0% of its portfolio in Gentex Corporation (NASDAQ:GNTX). ValuEngine raised Gentex from a "hold" rating to a "buy" rating in a research report on Wednesday, December 27th. Therefore 71% are positive. Finally, KeyCorp reissued a "buy" rating and issued a $25.00 target price on shares of Gentex in a report on Sunday, October 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. As per Tuesday, January 2, the company rating was maintained by FBR Capital. The company has the market capitalization of $6.22 Billion. Robert W. Baird maintained Gentex Corporation (NASDAQ:GNTX) on Friday, October 20 with "Buy" rating.

Gentex Corporation (GNTX) now trades with a market capitalization of $5.97 Billion. Craig Hallum downgraded the stock to "Hold" rating in Monday, July 24 report. As per Friday, October 20, the company rating was maintained by Robert W. Baird. Raymond James maintained it with "Buy" rating and $45 target in Wednesday, August 24 report. The company was maintained on Monday, October 16 by SunTrust. After having $0.31 EPS previously, Gentex Corporation's analysts see 3.23% EPS growth. Shares for $1.96 million were sold by DEVITRE DINYAR S.

Scharf Investments Llc, which manages about $2.69B and $4.12 billion US Long portfolio, decreased its stake in Motorola Solutions Inc (NYSE:MSI) by 32,187 shares to 1.18M shares, valued at $99.88 million in 2017Q3, according to the filing. It also increased its holding in Hartford Financial Services Gr (NYSE:HIG) by 198,416 shares in the quarter, for a total of 500,327 shares, and has risen its stake in Rudolph Techonologies Inc.

Among 19 analysts covering Altria Group Inc. Therefore 52% are positive. Illumina Inc had 84 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Hasbro, Inc. As per Thursday, March 24, the company rating was initiated by UBS. (NASDAQ:HAS) has "Hold" rating given on Friday, October 6 by BMO Capital Markets. The firm has "Market Perform" rating by Avondale given on Thursday, October 15. Robert W. Baird has "Outperform" rating and $21 target. The stock has "Neutral" rating by Susquehanna on Tuesday, October 6. Cowen & Co upgraded AbbVie Inc.

Rbo & Co Llc, which manages about $284.00M and $383.90 million US Long portfolio, decreased its stake in Heineken Hldg by 7,773 shares to 132,515 shares, valued at $12.46 million in 2017Q3, according to the filing. It also increased its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 58,111 shares in the quarter, for a total of 88,194 shares, and has risen its stake in Exact Sciences Corp (NASDAQ:EXAS).

Investors sentiment increased to 1.24 in Q3 2017. It is positive, as 55 investors sold PM shares while 524 reduced holdings. Bank accumulated 16,198 shares. Inv Of Virginia Lc stated it has 268,219 shares. 3,024 were reported by Argent Trust Com. Credit Suisse downgraded the shares of NVS in report on Wednesday, July 5 to "Underperform" rating. Whittier Tru Co Of Nevada Incorporated, Nevada-based fund reported 468 shares. Valley Natl Advisers holds 75 shares. Stephens Inc Ar has invested 0.01% in Gentex Corporation (NASDAQ:GNTX). (NYSE:MO). Foundry Prns Limited Liability invested 0.4% of its portfolio in Altria Group, Inc. Majedie Asset Mgmt Ltd accumulated 1,866 shares. Stifel owns 86,327 shares or 0.01% of their United States portfolio. Rafferty Asset Mngmt Ltd Company invested in 7,419 shares.

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