First Eagle Investment Management LLC Decreases Position in Gencor Industries, Inc. (NASDAQ:GENC)

First Eagle Investment Management LLC decreased its stake in Gencor Industries, Inc. (NASDAQ:GENC) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,745 shares of the company’s stock after selling 2,816 shares during the period. First Eagle Investment Management LLC owned approximately 0.47% of Gencor Industries worth $1,330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GENC. BNP Paribas Financial Markets boosted its position in shares of Gencor Industries by 52.7% in the first quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock worth $85,000 after buying an additional 1,765 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Gencor Industries in the second quarter worth about $163,000. Aristides Capital LLC purchased a new stake in shares of Gencor Industries in the first quarter worth about $188,000. Rhumbline Advisers boosted its position in shares of Gencor Industries by 4.1% in the second quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock worth $228,000 after buying an additional 465 shares during the period. Finally, Pullen Investment Management LLC purchased a new stake in shares of Gencor Industries in the first quarter worth about $954,000.

Gencor Industries Stock Performance

Shares of GENC opened at $20.61 on Friday. The company has a market capitalization of $302.14 million, a P/E ratio of 17.92 and a beta of 0.40. Gencor Industries, Inc. has a one year low of $13.50 and a one year high of $24.88. The stock has a 50-day moving average price of $20.37 and a 200 day moving average price of $18.88.

Gencor Industries (NASDAQ:GENC) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.17 EPS for the quarter. Gencor Industries had a return on equity of 8.60% and a net margin of 14.33%. The firm had revenue of $25.55 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Gencor Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Gencor Industries 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.