Could Gentex Corporation Lose Strenght? Option Traders Don’t Think So

 Could Gentex Corporation Lose Strenght? Option Traders Don't Think So

In today’s session Gentex Corporation (GNTX) registered an unusually high (400) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GNTX increase. With 400 contracts traded and 3044 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GNTX161118C00017500 closed last at: $0.55 or 21.4% down. About 488,493 shares traded hands. Gentex Corporation (NASDAQ:GNTX) has risen 16.35% since March 2, 2016 and is uptrending. It has outperformed by 8.09% the S&P500.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on October, 19. They expect $0.30 EPS, up 11.11% or $0.03 from last year’s $0.27 per share. GNTX’s profit will be $86.41M for 14.84 P/E if the $0.30 EPS becomes a reality. After $0.30 actual EPS reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Gentex Corporation is an international company that provides high-quality products to the worldwide automotive industry and North American fire protection market. The Company develops, manufactures and markets proprietary electro-optic products, including interior and exterior electrochromic, automatic-dimming Night Vision Safety automotive rearview mirrors that dim in proportion to the amount of headlight glare from trailing vehicle headlamps, and an extensive line of fire protection products for commercial applications.”

Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.14, from 1.12 in 2016Q1. The ratio is positive, as 20 funds sold all Gentex Corporation shares owned while 115 reduced positions. 31 funds bought stakes while 139 increased positions. They now own 238.49 million shares or 6.47% less from 255.00 million shares in 2016Q1.
Reliance Trust Of Delaware has 0.03% invested in the company for 22,223 shares. Jefferies Gru Ltd Liability Company last reported 25,621 shares in the company. Advisory Ser Ltd Limited Liability Company holds 0.05% or 12,830 shares in its portfolio. Ftb Advsrs holds 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 3,287 shares. Bnp Paribas Arbitrage Sa last reported 114,326 shares in the company. Moreover, Victory Capital Mgmt has 0% invested in Gentex Corporation (NASDAQ:GNTX) for 62,241 shares. Bartlett And Ltd Com, a Ohio-based fund reported 1,300 shares. Azimuth Management Limited Liability Corp owns 127,300 shares or 0.18% of their US portfolio. Glenmede Tru Na has 456,221 shares for 0.04% of their US portfolio. Sigma Planning has 15,085 shares for 0.03% of their US portfolio. Country Tru National Bank has 2.06 million shares for 1.72% of their US portfolio. Finemark Bancorp holds 0.01% or 8,209 shares in its portfolio. Omers Administration holds 0.09% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 293,200 shares. South Dakota Council, a South Dakota-based fund reported 116,200 shares. Saturna Cap Corporation has 0.15% invested in the company for 309,700 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 9 sales for $23.89 million net activity. The insider MULDER JOHN A sold 20,000 shares worth $361,390. On Monday, July 25 GOODE GARY F sold $421,730 worth of the stock or 24,000 shares. $91,206 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Ryan Scott P. BAUER FRED sold $4.37M worth of Gentex Corporation (NASDAQ:GNTX) on Friday, June 3. $113,059 worth of shares were sold by Nash Kevin C on Monday, July 25. 8,820 shares were sold by Downing Steven R, worth $155,379. $35,310 worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by Matthews Joseph E IV.

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 has a market cap of $5.13 billion. The Company’s divisions include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows. It has a 15.64 P/E ratio. 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.

GNTX Company Profile

Gentex Corporation, incorporated on January 11, 1974, creates and makes 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 divisions include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows. 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. The Firm also designs, develops and makes various electronics features that are additive to the interior and exterior automotive rearview mirrors, as well as interior visors and overhead consoles. The Firm ships its product to all of the automotive producing regions across the world.

More news for Gentex Corporation (NASDAQ:GNTX) were recently published by: Fool.com, which released: “Gentex Corporation Jumps as Advanced Features Reign” on July 22, 2016. Twst.com‘s article titled: “Gentex Corporation: Gentex Reports 3rd Quarter 2016 Earnings Release Date and …” and published on October 03, 2016 is yet another important article.

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