Geode Capital Management LLC Boosts Position in Gencor Industries, Inc. (NASDAQ:GENC)

Geode Capital Management LLC raised its position in Gencor Industries, Inc. (NASDAQ:GENC) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 230,324 shares of the company’s stock after purchasing an additional 4,064 shares during the period. Geode Capital Management LLC owned about 1.57% of Gencor Industries worth $4,806,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Ellsworth Advisors LLC purchased a new position in Gencor Industries during the 3rd quarter valued at about $626,000. State Street Corp increased 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 purchasing an additional 6,049 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Gencor Industries by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 386,174 shares of the company’s stock worth $7,469,000 after purchasing an additional 4,510 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Gencor Industries in the 2nd quarter valued at approximately $163,000. Finally, Bank of New York Mellon Corp grew its holdings in 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 valued at $1,412,000 after buying an additional 3,125 shares during the last quarter.

Gencor Industries Price Performance

NASDAQ:GENC opened at $17.38 on Friday. The firm has a market cap of $254.79 million, a PE ratio of 15.80 and a beta of 0.43. The firm has a 50 day simple moving average of $20.54 and a 200-day simple moving average of $20.23. Gencor Industries, Inc. has a 1-year low of $15.23 and a 1-year high of $24.88.

Wall Street Analyst Weigh In

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

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.