Gamco Investors INC. ET AL Buys 47,600 Shares of Gencor Industries, Inc. $GENC

Gamco Investors INC. ET AL lifted its stake in Gencor Industries, Inc. (NASDAQ:GENC) by 22.6% during the fourth quarter, Holdings Channel reports. The fund owned 258,200 shares of the company’s stock after acquiring an additional 47,600 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Gencor Industries were worth $3,346,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GENC. Teton Advisors LLC bought a new position in shares of Gencor Industries in the 3rd quarter valued at approximately $3,701,000. Essex Investment Management Co. LLC bought a new position in shares of Gencor Industries in the 3rd quarter valued at approximately $1,898,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Gencor Industries in the 3rd quarter valued at approximately $650,000. Legato Capital Management LLC bought a new position in shares of Gencor Industries in the 3rd quarter valued at approximately $549,000. Finally, Martin & Co. Inc. TN raised its stake in shares of Gencor Industries by 9.3% in the 3rd quarter. Martin & Co. Inc. TN now owns 319,270 shares of the company’s stock valued at $4,671,000 after acquiring an additional 27,043 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GENC shares. UBS Group reissued a “buy” rating on shares of Gencor Industries in a research note on Monday, February 9th. Loop Capital set a $17.60 price objective on Gencor Industries in a research note on Monday, February 9th. Finally, Freedom Capital raised Gencor Industries to a “strong-buy” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of $17.60.

Gencor Industries Stock Up 0.2%

GENC opened at $14.52 on Thursday. The firm has a market capitalization of $212.83 million, a P/E ratio of 13.20 and a beta of 0.52. The stock’s 50 day moving average price is $14.84 and its two-hundred day moving average price is $14.19. Gencor Industries, Inc. has a 12-month low of $12.22 and a 12-month high of $17.40.

About Gencor Industries

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. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.