Rhumbline Advisers Sells 1,254 Shares of Gencor Industries, Inc. (NASDAQ:GENC)

Rhumbline Advisers lessened its holdings in Gencor Industries, Inc. (NASDAQ:GENC) by 9.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,641 shares of the company’s stock after selling 1,254 shares during the period. Rhumbline Advisers owned about 0.09% of Gencor Industries worth $223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Gencor Industries by 82.7% in the third quarter. Barclays PLC now owns 21,957 shares of the company’s stock valued at $459,000 after purchasing an additional 9,938 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Gencor Industries by 1.8% in the third quarter. Geode Capital Management LLC now owns 230,324 shares of the company’s stock valued at $4,806,000 after purchasing an additional 4,064 shares in the last quarter. State Street Corp grew its holdings in shares of Gencor Industries by 3.9% in the third quarter. State Street Corp now owns 160,444 shares of the company’s stock valued at $3,347,000 after purchasing an additional 6,049 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Gencor Industries by 0.9% in the third quarter. Systematic Financial Management LP now owns 1,149,333 shares of the company’s stock valued at $23,975,000 after purchasing an additional 10,674 shares in the last quarter. Finally, SageView Advisory Group LLC purchased a new position in shares of Gencor Industries in the third quarter valued at $392,000.

Wall Street Analyst Weigh In

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

Gencor Industries Stock Down 2.4 %

Shares of GENC opened at $12.41 on Tuesday. The company has a market cap of $181.91 million, a PE ratio of 11.28 and a beta of 0.45. The business has a fifty day moving average of $14.77 and a 200 day moving average of $18.45. Gencor Industries, Inc. has a 52-week low of $11.95 and a 52-week high of $24.88.

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.