GNTX Gentex Dashboard

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Mar 21	Chiodo Matthew	Common Stock	Sell	Dispose S	No	Yes	35.6637	6,851	244.33K	33,389
31 Mar 21	Boehm Neil	Common Stock	Sell	Dispose S	No	Yes	35.6637	2,053	73.22K	37,025
22 Feb 21	Nash Kevin C	Common Stock	Sell	Dispose S	No	Yes	35.5692	3,150	112.04K	30,313
22 Feb 21	Ryan Scott P	Common Stock	Sell	Dispose S	No	Yes	35.5692	1,650	58.69K	30,627
22 Feb 21	Downing Steven R	Common Stock	Sell	Dispose S	No	Yes	35.5692	6,300	224.09K	138,911

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

GNTX institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	491	451	+8.9%
Opened positions	83	41	+102.4%
Closed positions	43	51	-15.7%
Increased positions	175	155	+12.9%
Reduced positions	171	180	-5.0%

13F shares	Current	Prev Q	Change
Total value	6.85B	5.14B	+33.2%
Total shares	201.8M	199.58M	+1.1%
Total puts	29K	197.8K	-85.3%
Total calls	228.8K	340.8K	-32.9%
Total put/call ratio	0.1	0.6	-78.2%

Largest owners	Shares	Value	Change
Vanguard	22.94M	$778.5M	+2.6%
BLK Blackrock	21.75M	$737.83M	+0.1%
Maj Invest Holding A/S	7.19M	$244.04M	+52.8%
STT State Street	6.13M	$208.08M	+1.5%
Boston Partners	4.6M	$156.13M	-0.9%
Dimensional Fund Advisors	4.47M	$151.69M	-4.4%
Disciplined Growth Investors	4.28M	$145.13M	-3.0%
Burgundy Asset Management	4M	$135.87M	-12.9%
Riverbridge Partners	3.91M	$132.7M	+5.8%
GS Goldman Sachs	3.82M	$129.55M	+68.7%

Largest transactions	Shares	Bought/sold	Change
Adage Capital Partners GP, L.L.C.	1.03M	-2.54M	-71.2%
Maj Invest Holding A/S	7.19M	+2.48M	+52.8%
Norges Bank	2.46M	+2.46M	NEW
Pictet Asset Management	2.46M	+2.44M	+11743.9%
IVZ Invesco	1.17M	-2.41M	-67.3%
Capital World Investors	1.42M	-1.96M	-57.9%
Citadel Advisors	1.76M	+1.58M	+855.7%
GS Goldman Sachs	3.82M	+1.56M	+68.7%
MS Morgan Stanley	1.72M	+1.06M	+161.1%
PGGM Investments	1.01M	+1.01M	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net Sales. In 2020, Company net sales decreased by $170.7 million, or 9% compared to the prior year. Net sales for 2020 were negatively impacted by lower than forecasted global vehicle production rates for calendar year 2020, which were down 16% on a year over year basis. The reduction in global light vehicle production and the Company's sales was impacted primarily a result of the global shutdowns as a result of the COVID-19 pandemic, which primarily impacted the Company in the second quarter of 2020. Automotive net sales decreased as a result of an 11% decrease in automatic-dimming mirror shipments, from 42.9 million units in 2019 to 38.2 million units in 2020.
Other net sales decreased 17% to $40.0 million compared to the prior year, as dimmable aircraft window sales decreased 30% year over year and fire protection saw a decrease in net sales of 4% year over year. Dimmable aircraft window sales were impacted by production challenges the Company's customer faced.
Cost of Goods Sold. As a percentage of net sales, cost of goods sold increased from 63.0% in 2019 to 64.1% in 2020. The year over year decrease in the gross profit margin was primarily the result of the Company's inability to leverage fixed overhead during the second quarter of 2020 as a result of COVID-19 related shutdowns and decreases in demand, as well as annual customer price reductions, which were partially offset by improvements in product mix related to Full Display Mirror® as well as purchasing cost reductions and structural cost reductions. On a year over year basis, the inability to leverage fixed overhead and annual customer price reductions each had a negative impact of approximately 150 - 250 basis points on gross profit margin. Purchasing cost reductions, product mix improvements, and structural cost reductions each independently had a positive impact on gross profit margin on a period over period basis of approximately 50 - 100 basis points.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: abandoned, abandonment, absorb, agriculture, anti, appeal, Appendix, Argil, back, begun, Belgian, beverage, CA, card, Chamber, charitable, Chehejia, chemical, Clara, collision, Commerce, Complaint, complement, concrete, confirmed, contacted, Council, cultivation, cultural, culture, customizable, cutting, decision, devotion, differentiate, differentiation, dining, discipline, distancing, driven, eased, electromechanical, emerging, encouraged, entertainment, EPIC, everyday, excellent, fact, familiar, food, founded, gas, gathering, Guardian, hair, Handling, heading, healthy, Hongqi, honored, imposing, incentivize, incentivized, inception, inclusion, inclusive, infotainment, insignificant, interviewed, involuntary, Israel, Israeli, Joe, justified, knowledge, Lake, learn, Licon, lifestyle, Magazine, mandated, mandatory, meant, mentality, merger, military, MirrorTech, mobile, nameplate, nanofiber, navigation, nurtured, Optical, outbreak, oversee, pandemic, partnership, PayByCar, people, platform, premium, propel, properly, pursue, read, recipient, regular, reimbursement, resistance, resolving, resumed, Rivian, run, Salt, Salute, sampled, Santa, scope, seamlessly, shopping, Simplenight, Skywell, smaller, smart, spend, spread, straight, subsidiary, suite, talent, taxation, thousand, toxic, track, trillion, trim, tuition, unknown, Utah, virtue, Visionary, voluntary, volunteering, warfare, widespread, win, Winner, women, worker, worthy, YanFeng

Removed: analyst, array, aware, bill, called, cloud, comfort, compatible, configure, connectivity, disruption, download, golf, individual, intent, Internet, interpreted, lawn, luxury, Mexico, partner, passed, permanent, Redemption, repayment, revalued, round, sector, selection, stable, treatment, trend, unrelated, Yonomi

From filing 10-K 2020 FY