First Citizens Bank & Trust Co. Purchases New Stake in Gentex Co. (GNTX)

Jeannie Matthews
January 14, 2018

The auto parts company reported $0.31 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.31. Gentex Corp now has $6.43 billion valuation. The stock increased 0.92% or $0.53 during the last trading session, reaching $57.83. About 730,980 shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since January 12, 2017 and is uptrending. It has underperformed by 56.64% the S&P500. LS Investment Advisors LLC increased its position in shares of Gentex 5.6% in the third quarter. Reinhart Partners Inc bought 342,815 shares as the company's stock declined 8.68% while stock markets rallied. About 2.67M shares traded.

Gentex (GNTX) opened at $23.00 on Friday. It has outperformed by 2.93% the S&P500.

Investors sentiment increased to 1.24 in 2017 Q3. Its down 0.13, from 1.08 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 91 funds opened positions while 283 raised stakes. Griffin Asset Mgmt reported 40,980 shares. Savant Cap Ltd invested 0.07% in ConocoPhillips (NYSE:COP). Thompson Davis Incorporated holds 0.05% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 1,472 shares. The institutional investor held 15,770 shares of the computer manufacturing company at the end of 2017Q3, valued at $2.43M, up from 13,560 at the end of the previous reported quarter. Airain ltd purchased a new position in shares of Gentex in the 2nd quarter worth approximately $1,055,000. Alliancebernstein Lp owns 180,077 shares for 0% of their portfolio. Wedge Capital Mgmt L Limited Partnership Nc accumulated 0.19% or 1.03M shares. Catalyst Advsrs Ltd Co holds 0.16% or 188,139 shares in its portfolio. 175,545 are owned by Nomura Asset Mgmt. Parkside Savings Bank & Tru holds 0% in CenturyLink, Inc. State Bank has 16,198 shares. TIAA CREF Investment Management LLC increased its position in shares of Gentex 48.3% in the third quarter. Capital Management Corp sold 147,476 shares as Gentex Corp (GNTX)'s stock declined 8.68%. The firm has "Neutral" rating given on Monday, March 14 by Citigroup. Therefore 80% are positive. The Habit Restaurants Inc had 20 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies upgraded it to "Hold" rating and $26 target in Friday, July 31 report. The firm earned "Market Perform" rating on Tuesday, October 13 by Cowen & Co. The stock has "Hold" rating by Craig Hallum on Monday, July 24. KeyBanc Capital Markets maintained it with "Buy" rating and $25.0 target in Thursday, October 12 report. Jefferies maintained Xenon Pharmaceuticals Inc. (NASDAQ:XENE) on Monday, June 12 with "Buy" rating. The company has market cap of $244.64 million.

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The construction company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. Old Mutual Customised Solutions (Proprietary) Limited invested 0.85% of its portfolio in Chevron Corporation (NYSE:CVX).

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It is negative, as 24 investors sold EQIX shares while 144 reduced holdings. 142 funds opened positions while 524 raised stakes. Aravt Global Llc decreased Restaurant Brands Intl Inc stake by 747,000 shares to 837,000 valued at $53.47 million in 2017Q3.

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The stock of Grifols, S.A. (NASDAQ:GRFS) hit a new 52-week high and has $26.99 target or 9.00% above today's $24.76 share price. Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 2.11, and a price to sales ratio of 0.69.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.32, from 0.92 in 2017Q2. It is positive, as 35 investors sold GNTX shares while 109 reduced holdings. Dimensional Fund Advisors LP lifted its position in shares of Gentex by 22.9% in the second quarter. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. 436.00 million shares or 1.89% less from 444.41 million shares in 2017Q2 were reported. Atria Ltd Liability Corp reported 0.04% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Soros Fund Mngmt Limited owns 540,400 shares. Buffington Mohr Mcneal invested in 0.25% or 12,693 shares. The Indiana-based Old Bancorp In has invested 0.06% in Gentex Corporation (NASDAQ:GNTX). Motley Fool Asset Management Ltd Liability holds 540,000 shares. Principal Grp Inc invested 0.02% of its portfolio in Gentex Corporation (NASDAQ:GNTX). After $0.31 actual earnings per share reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 3.23% EPS growth. Ellington Limited Com holds 23,000 shares. South Dakota Investment Council invested 0.06% in Gentex Corporation (NASDAQ:GNTX). Amundi Pioneer Asset stated it has 8.78 million shares or 4.31% of all its holdings.

Since August 7, 2017, it had 0 insider buys, and 3 insider sales for $4.39 million activity. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Therefore 24% are positive. Gentex Corp had 17 analyst reports since October 20, 2015 according to SRatingsIntel. They set a "buy" rating and a $25.00 price objective on the stock. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since January 12, 2017 and is uptrending. Finally, Wells Fargo & Co. restated an "outperform" rating and set a $19.00 target price on shares of Gentex a research note on Tuesday, September 13th. The rating was maintained by Cantor Fitzgerald on Wednesday, November 2 with "Buy". The stock of Gentex Corporation (NASDAQ:GNTX) earned "Outperform" rating by Robert W. Baird on Thursday, August 24. SunTrust maintained it with "Hold" rating and $19.0 target in Thursday, November 9 report. As per Friday, October 20, the company rating was maintained by Robert W. Baird. The company was maintained on Friday, October 21 by FBR Capital.

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