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

Doris Richards
January 13, 2018

Abner Herrman & Brock Llc who had been investing in Bank Of New York Mellon Corp for a number of months, seems to be bullish on the $59.22B market cap company. This represents a $0.40 annualized dividend and a yield of 1.74%. About 18,964 shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since January 12, 2017 and is uptrending. It has underperformed by 7.20% the S&P500. Northwestern Mutual Wealth Management Co. now owns 5,293 shares of the auto parts company's stock valued at $100,000 after buying an additional 368 shares during the last quarter. The institutional investor held 180,564 shares of the integrated oil company at the end of 2017Q3, valued at $9.04M, down from 209,915 at the end of the previous reported quarter. Russell Investments Group Ltd. boosted its holdings in Gentex by 43.9% during the 2nd quarter. The stock decreased 4.06% or $0.22 during the last trading session, reaching $5.2. About 3.19 million shares traded or 70.08% up from the average. Gentex Corporation (GNTX) has risen 19.63% since January 13, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

The stock increased 1.39% or $26.3 during the last trading session, reaching $1919.4. Its down 0.13, from 1.08 in 2017Q2.

Since August 7, 2017, it had 0 insider purchases, and 12 insider sales for $93.68 million activity. Virginia-based Yorktown Management Research has invested 0.09% in Gentex Corporation (NASDAQ:GNTX). Pzena Invest Mgmt Llc accumulated 1.44M shares or 0.38% of the stock. Credit Agricole S A invested in 79,287 shares. Swiss Bancorp holds 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 478,500 shares. State Bank has 16,198 shares. Timber Hill Ltd Liability Corp holds 10,137 shares or 0.02% of its portfolio. Oppenheimer And Co Incorporated has 12,451 shares. 175,545 are owned by Nomura Asset Mgmt. Of Toledo Na Oh holds 0.07% or 14,770 shares. Atria Ltd Liability Corp reported 0.04% of its portfolio in Gentex Corporation (NASDAQ:GNTX).

Frontfour Capital Group Llc, which manages about $447.90 million and $545.17M US Long portfolio, decreased its stake in Sony Corp (NYSE:SNE) by 20,951 shares to 149,546 shares, valued at $5.58M in 2017Q3, according to the filing. It also reduced its holding in General Electric Co (NYSE:GE) by 310,426 shares in the quarter, leaving it with 57,549 shares, and cut its stake in United Technologies Corp (NYSE:UTX).

In an overview of the current analyst recommendations, Buy count is 5 and Overweight is 1 while the number of analysts recommending Sell and Underweight are 1 and 1, respectively. Therefore 77% are positive. The firm has "Buy" rating by FBR Capital given on Tuesday, January 2. Susquehanna initiated it with "Neutral" rating and $21 target in Monday, December 19 report.

Stonebridge Capital Management Inc holds 0.05% of its portfolio in Trio-Tech International for 23,147 shares. The rating was maintained by Canaccord Genuity on Tuesday, August 11 with "Buy". The company was maintained on Monday, October 9 by Citigroup. Its down 0.08, from 0.71 in 2017Q2. It also reduced its holding in Public Srvs Enterpr. 116 funds opened positions while 640 raised stakes. Birch Hill Investment Advisors Llc, a Massachusetts-based fund reported 2.19 million shares. Grimes And Company holds 0.66% or 313,989 shares. The Michigan-based Provident Investment Management Inc. has invested 4.35% in the stock.

According to Zacks, "Gentex Corporation (GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market". 513,700 are owned by Tocqueville Asset Limited Partnership. Busey Trust invested in 0.42% or 175,687 shares. Sterling Cap Mngmt Ltd has invested 0.88% in Gentex Corporation (NASDAQ:GNTX).

Investors are looking at Gentex Corporation (NASDAQ:GNTX)'s short data, trying to figure out market sentiment on which way the market thinks the stock is moving. Employees Retirement System of Texas boosted its holdings in Gentex by 80.5% during the 2nd quarter. Ellington Limited Com holds 23,000 shares. $85,094 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Nash Kevin C on Wednesday, September 27. (NYSE:CTL) or 3.28 million shares. Kirr Marbach And Ltd Com In holds 562,362 shares or 2.43% of its portfolio. SCHILLER PHILIP W also sold $8.79M worth of Apple Inc. On Monday, August 7 the insider BAUER FRED sold $4.15M. Two equities 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's stock. Therefore 24% are positive. Gentex had a return on equity of 18.45% and a net margin of 20.80%. They set a "buy" rating and a $25.00 price objective on the stock. Canaccord Genuity has "Buy" rating and $9 target. On Wednesday, July 19 the stock rating was maintained by FBR Capital with "Buy".

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, October 20th. "(NASDAQ:GNTX)" was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. The rating was upgraded by Robert W. Baird to "Outperform" on Thursday, August 24. On Thursday, January 11 the stock rating was maintained by FBR Capital with "Buy". Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals. As per Monday, October 23, the company rating was maintained by Robert W. Baird.

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