Martin & Co. Inc. TN Trims Stock Position in Gencor Industries, Inc. (NASDAQ:GENC)

Martin & Co. Inc. TN cut its stake in shares of Gencor Industries, Inc. (NASDAQ:GENCFree Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 182,034 shares of the company’s stock after selling 6,496 shares during the period. Martin & Co. Inc. TN owned approximately 1.24% of Gencor Industries worth $3,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pullen Investment Management LLC raised its stake in shares of Gencor Industries by 2.5% during the 3rd quarter. Pullen Investment Management LLC now owns 59,603 shares of the company’s stock worth $1,243,000 after buying an additional 1,474 shares in the last quarter. De Lisle Partners LLP raised its stake in shares of Gencor Industries by 28.5% during the 3rd quarter. De Lisle Partners LLP now owns 87,294 shares of the company’s stock worth $1,818,000 after buying an additional 19,339 shares in the last quarter. SageView Advisory Group LLC purchased a new position in shares of Gencor Industries during the 3rd quarter worth approximately $392,000. Systematic Financial Management LP raised its stake in shares of Gencor Industries by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 1,149,333 shares of the company’s stock worth $23,975,000 after buying an additional 10,674 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Gencor Industries by 3.9% during the 3rd quarter. State Street Corp now owns 160,444 shares of the company’s stock worth $3,347,000 after buying an additional 6,049 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gencor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th.

Check Out Our Latest Stock Analysis on Gencor Industries

Gencor Industries Price Performance

NASDAQ GENC opened at $13.32 on Monday. Gencor Industries, Inc. has a 1-year low of $13.30 and a 1-year high of $24.88. The company has a market capitalization of $195.27 million, a P/E ratio of 13.54 and a beta of 0.47. The business has a 50 day moving average price of $17.01 and a 200 day moving average price of $19.28.

Gencor Industries Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for Gencor Industries (NASDAQ:GENC)

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