As Gentex Corp. (GNTX) Stock Declined, Foyston Gordon & Payne Increased Its Stake by $4.39 Million; Wealthfront Holding In Boeing Co Com (BA) Was Has Increased

February 24, 2018 - By Peter Erickson

Wealthfront Inc increased its stake in Boeing Co Com (BA) by 14.32% based on its latest 2017Q3 regulatory filing with the SEC. Wealthfront Inc bought 2,805 shares as the company’s stock rose 4.66% with the market. The institutional investor held 22,389 shares of the aerospace company at the end of 2017Q3, valued at $5.69 million, up from 19,584 at the end of the previous reported quarter. Wealthfront Inc who had been investing in Boeing Co Com for a number of months, seems to be bullish on the $209.89 billion market cap company. The stock increased 0.21% or $0.74 during the last trading session, reaching $356.66. About 3.36M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since February 24, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Foyston Gordon & Payne Inc increased its stake in Gentex Corp. (GNTX) by 61.7% based on its latest 2017Q3 regulatory filing with the SEC. Foyston Gordon & Payne Inc bought 231,045 shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 605,501 shares of the o.e.m. company at the end of 2017Q3, valued at $11.99 million, up from 374,456 at the end of the previous reported quarter. Foyston Gordon & Payne Inc who had been investing in Gentex Corp. for a number of months, seems to be bullish on the $6.44B market cap company. The stock increased 1.12% or $0.26 during the last trading session, reaching $23.47. About 1.18 million shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since February 24, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

Since September 27, 2017, it had 0 insider buys, and 8 sales for $2.88 million activity. $280,776 worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by Wallace James H. GOODE GARY F also sold $280,968 worth of Gentex Corporation (NASDAQ:GNTX) on Monday, January 29. $157,582 worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by Downing Steven R. $170,823 worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by Ryan Scott P. Another trade for 4,320 shares valued at $85,094 was sold by Nash Kevin C. MULDER JOHN A also sold $611,341 worth of Gentex Corporation (NASDAQ:GNTX) shares.

Foyston Gordon & Payne Inc, which manages about $12.34B and $576.12M US Long portfolio, decreased its stake in British American Tobacco Plc (NYSEMKT:BTI) by 11,883 shares to 81,945 shares, valued at $5.12M in 2017Q3, according to the filing. It also reduced its holding in Apache Corp. (NYSE:APA) by 18,806 shares in the quarter, leaving it with 119,239 shares, and cut its stake in Tiffany & Co. (NYSE:TIF).

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.32, from 0.92 in 2017Q2. It improved, as 35 investors sold GNTX shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. Greenleaf Tru invested 0% in Gentex Corporation (NASDAQ:GNTX). Sigma Planning reported 0.03% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Burgundy Asset Mngmt invested in 2.1% or 11.18M shares. The Minnesota-based Thrivent Finance For Lutherans has invested 0% in Gentex Corporation (NASDAQ:GNTX). Geode Cap Limited Liability Corp holds 0.03% or 3.45 million shares in its portfolio. Moreover, Paloma has 0.03% invested in Gentex Corporation (NASDAQ:GNTX) for 93,002 shares. Amg Funds Limited Com has invested 0.9% in Gentex Corporation (NASDAQ:GNTX). Oregon Public Employees Retirement Fund reported 105,904 shares. 1.08M are held by Morgan Stanley. The California-based Fdx has invested 0.05% in Gentex Corporation (NASDAQ:GNTX). Jpmorgan Chase And holds 0% or 467,050 shares. 163,880 are owned by Twin Inc. Hartline has 0.07% invested in Gentex Corporation (NASDAQ:GNTX). Ftb reported 3,001 shares or 0.01% of all its holdings. Bell Savings Bank has 14,176 shares.

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 20 analyst reports since October 20, 2015 according to SRatingsIntel. As per Tuesday, January 23, the company rating was downgraded by Robert W. Baird. The firm earned “Buy” rating on Tuesday, January 2 by FBR Capital. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, August 23. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, November 13. Susquehanna initiated Gentex Corporation (NASDAQ:GNTX) on Monday, December 19 with “Neutral” rating. On Thursday, February 22 the stock rating was maintained by FBR Capital with “Buy”. The company was downgraded on Monday, July 24 by Craig Hallum. FBR Capital maintained it with “Buy” rating and $25.0 target in Thursday, January 11 report. The firm has “Buy” rating given on Thursday, October 12 by KeyBanc Capital Markets. Craig Hallum maintained it with “Hold” rating and $23.0 target in Monday, January 29 report.

Wealthfront Inc, which manages about $1.70B and $7.62 billion US Long portfolio, decreased its stake in Transocean Ltd Reg Shs (NYSE:RIG) by 64,796 shares to 25,445 shares, valued at $274,000 in 2017Q3, according to the filing. It also reduced its holding in Powershares Etf Tr Ii Sovereign Debt (PCY) by 13,865 shares in the quarter, leaving it with 82,950 shares, and cut its stake in Schwab Strategic Tr Us Reit Etf (SCHH).

Since February 8, 2018, it had 0 insider purchases, and 1 insider sale for $12.17 million activity.

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By1 Peter Erickson

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