Gentex (GNTX) Shareholder Coastline Trust Co Has Lowered Holding by $602,140 as Market Valuation Declined; Fedex (FDX) Holder Huntington National Bank Trimmed Position by $862,080

June 20, 2018 - By Ash

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Coastline Trust Co decreased its stake in Gentex Corp (GNTX) by 13.68% based on its latest 2018Q1 regulatory filing with the SEC. Coastline Trust Co sold 26,180 shares as the company’s stock declined 0.21% with the market. The institutional investor held 165,155 shares of the o.e.m. company at the end of 2018Q1, valued at $3.80 million, down from 191,335 at the end of the previous reported quarter. Coastline Trust Co who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $6.87B market cap company. The stock decreased 0.59% or $0.15 during the last trading session, reaching $25.07. About 1.49M shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 23.70% since June 20, 2017 and is uptrending. It has outperformed by 11.13% the S&P500. Some Historical GNTX News: 09/03/2018 – GENTEX – BOARD AUTHORIZED MANAGEMENT TO SECURE LINE OF CREDIT OF UP TO ADDITIONAL $150 MLN; 20/04/2018 – GENTEX CORP GNTX.O FY2018 REV VIEW $1.92 BLN — THOMSON REUTERS l/B/E/S; 20/04/2018 – GENTEX: SUPPLIER PRODUCTION ISSUE REMEDIATED SINCE END OF 1Q; 25/04/2018 – Investor Expectations to Drive Momentum within MicroStrategy, Marcus & Millichap, Gentex, Ultragenyx Pharmaceutical, Dave & Bus; 09/03/2018 – Gentex: Targeted Total Cash Position Being Ltargeted total cash position being lowered from $700 million to $525 millionowered fro $700 million to $525 millio; 20/04/2018 – GENTEX CORP – SEES CALENDAR YEAR 2018 TOTAL LIGHT VEHICLE PRODUCTION OF 53.09 MLN; 26/04/2018 – Gentex Presenting at Wells Fargo Industrials Conference May 9; 20/04/2018 – Gentex 1Q Profit Rises 14% But Revenue Below Expectations; 20/04/2018 – Yet another big disappointment from $GNTX $465m of sales vs. $477m est. Large 210bp gross margins contraction QoQ and misses est; 16/05/2018 – DEEP ECO: Gentex May Benefit, Industry Production Rises in April

Huntington National Bank decreased its stake in Fedex Corp (FDX) by 6.13% based on its latest 2018Q1 regulatory filing with the SEC. Huntington National Bank sold 3,592 shares as the company’s stock declined 1.18% with the market. The institutional investor held 54,993 shares of the air freight and delivery services company at the end of 2018Q1, valued at $13.21M, down from 58,585 at the end of the previous reported quarter. Huntington National Bank who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $69.05B market cap company. The stock decreased 2.00% or $5.28 during the last trading session, reaching $258.39. About 3.16 million shares traded or 99.33% up from the average. FedEx Corporation (NYSE:FDX) has risen 29.10% since June 20, 2017 and is uptrending. It has outperformed by 16.53% the S&P500. Some Historical FDX News: 16/04/2018 – FEDEX FREIGHT CEO MICHAEL DUCKER TO RETIRE AUG. 15; 20/03/2018 – FedEx: Expanding After Pilot Program in 47 Walmart Locations in Six States; 20/03/2018 – Global Edmonton: BREAKING: A package containing nails and shrapnel exploded at a FedEx centre in Texas early Tuesday morning,; 20/03/2018 – FEDEX CEO `CONCERNED’ ABOUT INCREASED PROTECTIONIST TARIFFS; 27/03/2018 – FEDEX CORP – HAS ACQUIRED P2P MAILING LIMITED, A PROVIDER OF WORLDWIDE E-COMMERCE TRANSPORTATION SOLUTIONS; 20/03/2018 – FEDEX SEES EFFECTIVE TAX RATE 20%-21% IN FISCAL 2018; 20/03/2018 – Global Lethbridge: BREAKING: A package containing nails and shrapnel exploded at a FedEx centre in Texas early Tuesday morning,; 14/03/2018 – Tennessee DOL: Haslam, Smith Announce Fedex To Make Major Capital Investment in the Corporation’s Memphis Hub; 20/03/2018 – Correct: FedEx 3Q Adj EPS $3.72, Not $2.30; 20/03/2018 – Fifth package bomb goes off in Texas, injures one at FedEx site

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.21, from 1.21 in 2017Q4. It worsened, as 58 investors sold FDX shares while 414 reduced holdings. 113 funds opened positions while 359 raised stakes. 192.41 million shares or 0.69% less from 193.75 million shares in 2017Q4 were reported. Murphy Capital reported 18,604 shares. State Teachers Retirement System accumulated 426,688 shares. New South Cap stated it has 343,289 shares. 327 are owned by Thompson Davis Commerce. Cwm Limited Liability Corp holds 1.28% or 134,220 shares in its portfolio. Robeco Institutional Asset Management Bv stated it has 0.04% in FedEx Corporation (NYSE:FDX). Carnegie Capital Asset Mngmt holds 1,560 shares or 0.03% of its portfolio. King Luther Capital Management Corp invested 0.02% in FedEx Corporation (NYSE:FDX). First City Cap Mngmt owns 995 shares for 0.18% of their portfolio. Botty Ltd Liability Corporation owns 500 shares or 0.04% of their US portfolio. Diker Mngmt Limited Liability Corporation accumulated 8,804 shares. The Maine-based Schroder Inv Mgmt Grp Inc has invested 0% in FedEx Corporation (NYSE:FDX). Linscomb And Williams Inc, a Texas-based fund reported 879 shares. Moreover, Tradition Capital Mgmt Ltd Liability Corporation has 1.25% invested in FedEx Corporation (NYSE:FDX) for 18,263 shares. Bristol John W And Communications Ny invested in 321,685 shares.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Seekingalpha.com which released: “FedEx at the ready if UPS teamsters strike” on June 08, 2018, also Seekingalpha.com with their article: “FedEx slightly higher after earnings” published on June 19, 2018, Seekingalpha.com published: “Game Plan For The Week – Cramer’s Mad Money (6/15/18)” on June 18, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Streetinsider.com and their article: “FedEx (FDX) call put ratio 2.4 calls to 1 put with focus on June weekly 260 calls and puts into EPS” published on June 19, 2018 as well as Fool.com‘s news article titled: “FedEx Corporation (FDX) Q4 2018 Earnings Conference Call Transcript” with publication date: June 20, 2018.

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 119 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Outperform” on Thursday, September 17. The company was upgraded on Monday, February 6 by Raymond James. The rating was initiated by Morgan Stanley with “Equal-Weight” on Tuesday, February 23. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) on Friday, March 24 with “Outperform” rating. Stifel Nicolaus maintained it with “Hold” rating and $216.0 target in Monday, August 14 report. The company was maintained on Friday, December 16 by Cowen & Co. The firm has “Buy” rating by Citigroup given on Thursday, May 19. The company was maintained on Thursday, September 17 by Buckingham Research. The company was maintained on Tuesday, September 22 by Argus Research. The stock of FedEx Corporation (NYSE:FDX) has “Outperform” rating given on Wednesday, September 21 by Oppenheimer.

Huntington National Bank, which manages about $6.01 billion US Long portfolio, upped its stake in Ishares (Prn) (IEMG) by 7,904 shares to 8,918 shares, valued at $520,000 in 2018Q1, according to the filing. It also increased its holding in Nasdaq Inc (NASDAQ:NDAQ) by 4,500 shares in the quarter, for a total of 28,032 shares, and has risen its stake in Wisdomtree (Prn) (DEM).

Since January 2, 2018, it had 1 insider purchase, and 4 selling transactions for $45.54 million activity. SMITH FREDERICK W also sold $31.74M worth of FedEx Corporation (NYSE:FDX) on Wednesday, April 18. Another trade for 80 shares valued at $19,837 was bought by SCHWAB SUSAN C. WALSH PAUL S sold $1.12 million worth of stock. The insider BRONCZEK DAVID J sold $11.89 million.

Since January 29, 2018, it had 0 insider buys, and 9 insider sales for $24.82 million activity. MULDER JOHN A had sold 26,000 shares worth $611,341 on Monday, January 29. On Wednesday, May 2 SOTOK FREDERICK A sold $91,665 worth of Gentex Corporation (NASDAQ:GNTX) or 4,000 shares. Matthews Joseph E IV sold $23,860 worth of stock. $280,968 worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by GOODE GARY F. BAUER FRED sold 946,200 shares worth $22.07M. Another trade for 47,000 shares valued at $1.11 million was made by Hoekstra Peter on Monday, January 29.

More news for Gentex Corporation (NASDAQ:GNTX) were recently published by: Globenewswire.com, which released: “Jaguar Land Rover Honors Gentex for Supplier Excellence” on June 14, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Sensient Technologies, OraSure Technologies, Gentex, Anixter International …” and published on June 19, 2018 is yet another important article.

Among 8 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Gentex Corp had 26 analyst reports since October 20, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of GNTX in report on Wednesday, August 23 with “Buy” rating. On Tuesday, January 2 the stock rating was maintained by FBR Capital with “Buy”. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, November 13. The rating was maintained by FBR Capital on Thursday, February 22 with “Buy”. The rating was downgraded by Robert W. Baird to “Neutral” on Wednesday, January 27. Craig Hallum downgraded Gentex Corporation (NASDAQ:GNTX) on Monday, July 24 to “Hold” rating. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, October 12. FBR Capital maintained Gentex Corporation (NASDAQ:GNTX) on Thursday, January 11 with “Buy” rating. Craig Hallum maintained Gentex Corporation (NASDAQ:GNTX) on Monday, January 29 with “Hold” rating. The firm has “Outperform” rating by FBR Capital given on Friday, October 21.

Coastline Trust Co, which manages about $650.85 million US Long portfolio, upped its stake in Becton Dickinson & Co (NYSE:BDX) by 4,708 shares to 22,757 shares, valued at $4.93M in 2018Q1, according to the filing. It also increased its holding in Vanguard Ftse Emerging Markets (VWO) by 6,882 shares in the quarter, for a total of 186,322 shares, and has risen its stake in Wynn Resorts Ltd (NASDAQ:WYNN).

Gentex Corporation (NASDAQ:GNTX) Institutional Positions Chart

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