Gentex Corporation’s Stock Is Buy After Today’s Bullish Options Activity

 Gentex Corporation's Stock Is Buy After Today's Bullish Options Activity

In today’s session Gentex Corporation (GNTX) registered an unusually high (95) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GNTX increase. With 95 contracts traded and 37204 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GNTX161216C00017500 closed last at: $0.65 or 62.5% up. About 454,002 shares traded hands. Gentex Corporation (NASDAQ:GNTX) has risen 15.79% since April 18, 2016 and is uptrending. It has outperformed by 11.36% the S&P500.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

Out of 2 analysts covering Gentex Corp (NASDAQ:GNTX), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Gentex Corp has been the topic of 4 analyst reports since October 20, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, January 27 by Robert W. Baird. The firm earned “Outperform” rating on Friday, October 21 by FBR Capital.

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 decreased to 0.85 in 2016 Q2. Its down 0.41, from 1.26 in 2016Q1. The ratio dived, 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.
Twin last reported 80,150 shares in the company. Grandeur Peak Glob Advisors Limited Liability Com accumulated 376,325 shares or 1.18% of the stock. Rdl Finance Inc has 0.29% invested in the company for 25,805 shares. Schroder Invest Mgmt Gru reported 3.43 million shares or 0.11% of all its holdings. Rk Asset Mgmt Limited Liability Corporation last reported 9.26% of its portfolio in the stock. Legg Mason Asset (Japan) Company Ltd last reported 0.37% of its portfolio in the stock. Bnp Paribas Invest Ptnrs Sa last reported 0.02% of its portfolio in the stock. Clearbridge Ltd Limited Liability Company last reported 865,798 shares in the company. Moreover, Kirr Marbach And Limited Liability Corporation In has 2.13% invested in Gentex Corporation (NASDAQ:GNTX) for 643,224 shares. Whittier Tru Company has 0.01% invested in the company for 8,400 shares. Raymond James Financial Advsrs Incorporated holds 0.02% or 119,892 shares in its portfolio. Palo Cap holds 1.35% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 254,444 shares. Carnegie Capital Asset Management Limited Liability has 0.08% invested in the company for 29,905 shares. Sigma Planning Corp holds 0.03% or 15,085 shares in its portfolio. Oak Limited Oh last reported 114,980 shares in the company.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 11 sales for $24.19 million net activity. Nash Kevin C sold $103,583 worth of Gentex Corporation (NASDAQ:GNTX) on Tuesday, October 25. Shares for $35,310 were sold by Matthews Joseph E IV on Wednesday, June 1. 12,000 shares were sold by Wallace James H, worth $201,352 on Tuesday, October 25. The insider Downing Steven R sold 8,820 shares worth $155,379. Shares for $5.79M were sold by BAUER FRED on Tuesday, June 7. MULDER JOHN A sold $361,390 worth of stock or 20,000 shares. Ryan Scott P sold $91,206 worth of stock or 5,132 shares.

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 $5.39 billion. The Company’s divisions include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows. It has a 15.13 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.

Another recent and important Gentex Corporation (NASDAQ:GNTX) news was published by Seekingalpha.com which published an article titled: “Gentex Continues To Deliver Strong Results” on November 07, 2016.

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