Today JP Morgan Keeps a Neutral Rating on Gentex (NASDAQ:GNTX) and a $25 Target Price

April 24, 2018 - By Henry Gaston

Gentex Corporation (NASDAQ:GNTX) Logo

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.36, from 1.24 in 2017Q3. It dived, as 26 investors sold Gentex Corporation shares while 144 reduced holdings. 52 funds opened positions while 98 raised stakes. 219.42 million shares or 2.26% less from 224.48 million shares in 2017Q3 were reported.

State Of Wisconsin Board owns 566,681 shares for 0.03% of their portfolio. Creative Planning, Kansas-based fund reported 22,394 shares. Point72 Asset Management Lp, Connecticut-based fund reported 320,210 shares. Parsec Financial reported 32,324 shares or 0.05% of all its holdings. Moreover, Criterion Capital Mgmt Lc has 0.51% invested in Gentex Corporation (NASDAQ:GNTX). Schwerin Boyle Cap Mgmt stated it has 559,000 shares or 1.28% of all its holdings. Bnp Paribas Asset Sa holds 210,400 shares. Gabelli Funds Ltd Limited Liability Company stated it has 0.03% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Mutual Of America Capital Mngmt invested in 233,169 shares or 0.07% of the stock. Whittier Tru holds 5,400 shares or 0% of its portfolio. Goldman Sachs Grp reported 0.01% in Gentex Corporation (NASDAQ:GNTX). Panagora Asset Mngmt Inc owns 11,072 shares. Sigma Planning Corp reported 0.03% stake. Miles Capital reported 53,216 shares. Parametric Port Assocs Ltd Liability Corp has invested 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX).

Since January 29, 2018, it had 0 buys, and 8 selling transactions for $24.73 million activity. $22.07M worth of stock was sold by BAUER FRED on Friday, March 9. Wallace James H sold $280,776 worth of stock. MULDER JOHN A sold $611,341 worth of stock or 26,000 shares. Ryan Scott P had sold 7,220 shares worth $170,823. Hoekstra Peter sold 47,000 shares worth $1.11 million. GOODE GARY F sold $280,968 worth of Gentex Corporation (NASDAQ:GNTX) on Monday, January 29.

Gentex (NASDAQ:GNTX) Rating Reaffirmed

JP Morgan now has a $25 TP on shares of Gentex (NASDAQ:GNTX). The TP indicates a potential upside of 11.56 % from the close price of Gentex (NASDAQ:GNTX). This rating was disclosed in analysts report on Tuesday, 24 April.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.36, from 1.24 in 2017Q3. It dived, as 26 investors sold Gentex Corporation shares while 144 reduced holdings. 52 funds opened positions while 98 raised stakes. 219.42 million shares or 2.26% less from 224.48 million shares in 2017Q3 were reported.

State Of Wisconsin Board owns 566,681 shares for 0.03% of their portfolio. Creative Planning, Kansas-based fund reported 22,394 shares. Point72 Asset Management Lp, Connecticut-based fund reported 320,210 shares. Parsec Financial reported 32,324 shares or 0.05% of all its holdings. Moreover, Criterion Capital Mgmt Lc has 0.51% invested in Gentex Corporation (NASDAQ:GNTX). Schwerin Boyle Cap Mgmt stated it has 559,000 shares or 1.28% of all its holdings. Bnp Paribas Asset Sa holds 210,400 shares. Gabelli Funds Ltd Limited Liability Company stated it has 0.03% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Mutual Of America Capital Mngmt invested in 233,169 shares or 0.07% of the stock. Whittier Tru holds 5,400 shares or 0% of its portfolio. Goldman Sachs Grp reported 0.01% in Gentex Corporation (NASDAQ:GNTX). Panagora Asset Mngmt Inc owns 11,072 shares. Sigma Planning Corp reported 0.03% stake. Miles Capital reported 53,216 shares. Parametric Port Assocs Ltd Liability Corp has invested 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX).

Since January 29, 2018, it had 0 buys, and 8 selling transactions for $24.73 million activity. $22.07M worth of stock was sold by BAUER FRED on Friday, March 9. Wallace James H sold $280,776 worth of stock. MULDER JOHN A sold $611,341 worth of stock or 26,000 shares. Ryan Scott P had sold 7,220 shares worth $170,823. Hoekstra Peter sold 47,000 shares worth $1.11 million. GOODE GARY F sold $280,968 worth of Gentex Corporation (NASDAQ:GNTX) on Monday, January 29.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

Among 6 analysts covering Gentex (NASDAQ:GNTX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Gentex has $29.0 highest and $23.0 lowest target. $26’s average target is 16.02% above currents $22.41 stock price. Gentex had 12 analyst reports since November 13, 2017 according to SRatingsIntel. FBR Capital maintained Gentex Corporation (NASDAQ:GNTX) rating on Monday, March 12. FBR Capital has “Buy” rating and $29.0 target. FBR Capital maintained the shares of GNTX in report on Tuesday, January 2 with “Buy” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, November 13. The stock of Gentex Corporation (NASDAQ:GNTX) has “Hold” rating given on Wednesday, March 14 by Susquehanna. The firm earned “Hold” rating on Sunday, April 22 by Susquehanna. The stock of Gentex Corporation (NASDAQ:GNTX) has “Buy” rating given on Thursday, February 22 by FBR Capital. On Tuesday, January 23 the stock rating was downgraded by Robert W. Baird to “Hold”. On Monday, January 29 the stock rating was maintained by Craig Hallum with “Hold”. FBR Capital maintained Gentex Corporation (NASDAQ:GNTX) on Thursday, January 11 with “Buy” rating. The rating was maintained by FBR Capital with “Buy” on Tuesday, March 27.

The stock increased 0.99% or $0.22 during the last trading session, reaching $22.41. About 873,400 shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 8.07% since April 24, 2017 and is uptrending. It has underperformed by 3.48% the S&P500.

Gentex Corporation designs, develops, makes, and markets 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 worldwide. The company has market cap of $6.13 billion. It offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers. It has a 15.89 P/E ratio. The firm also provides photoelectric smoke detectors and alarms, audible and visual signaling alarms, photoelectric smoke detectors and electrochemical carbon monoxide alarms, electrochemical carbon monoxide detectors and alarms, and bells and speakers for use in fire detection systems in office buildings, hotels, and other commercial and residential establishments.

Gentex Corporation (NASDAQ:GNTX) Institutional Positions Chart

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