Gencor Industries, Inc. (NASDAQ:GENC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,669 shares of the company’s stock after selling 2,512 shares during the quarter. BNP Paribas Financial Markets’ holdings in Gencor Industries were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC acquired a new stake in shares of Gencor Industries during the 3rd quarter valued at about $626,000. Renaissance Technologies LLC grew its holdings in Gencor Industries by 1.2% in the second quarter. Renaissance Technologies LLC now owns 386,174 shares of the company’s stock valued at $7,469,000 after purchasing an additional 4,510 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Gencor Industries in the second quarter valued at approximately $163,000. Bank of New York Mellon Corp raised its stake in shares of Gencor Industries by 4.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 73,012 shares of the company’s stock worth $1,412,000 after buying an additional 3,125 shares during the period. Finally, Pullen Investment Management LLC lifted its position 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 valued at $1,243,000 after buying an additional 1,474 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Gencor Industries from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Gencor Industries Stock Down 1.2 %

GENC opened at $21.35 on Tuesday. The company has a market cap of $312.99 million, a PE ratio of 19.55 and a beta of 0.43. Gencor Industries, Inc. has a twelve month low of $15.23 and a twelve month high of $24.88. The company has a 50-day moving average price of $21.17 and a 200 day moving average price of $20.37.

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.