Gencor Industries (NASDAQ:GENC) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Gencor Industries (NASDAQ:GENC) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Gencor Industries Stock Performance

NASDAQ GENC opened at $19.57 on Monday. The stock has a market capitalization of $286.90 million, a P/E ratio of 16.99 and a beta of 0.43. Gencor Industries has a 52 week low of $13.50 and a 52 week high of $24.88. The stock has a fifty day moving average of $20.06 and a 200-day moving average of $18.27.

Institutional Investors Weigh In On Gencor Industries

A number of hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC raised its holdings in Gencor Industries by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 64,461 shares of the company’s stock worth $1,040,000 after buying an additional 4,263 shares during the period. Vanguard Group Inc. increased its position in shares of Gencor Industries by 1.0% during the first quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock worth $9,106,000 after acquiring an additional 5,189 shares in the last quarter. Aristides Capital LLC acquired a new stake in shares of Gencor Industries during the first quarter worth $188,000. BNP Paribas Financial Markets lifted its position in Gencor Industries by 52.7% in the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Gencor Industries during the 2nd quarter worth about $377,000.

Gencor Industries Company Profile

Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.