Gencor Industries (NASDAQ:GENC) Raised to “Buy” at StockNews.com

Gencor Industries (NASDAQ:GENC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Gencor Industries Trading Down 0.4 %

GENC opened at $21.34 on Thursday. The company has a market cap of $312.77 million, a P/E ratio of 19.39 and a beta of 0.40. The company has a fifty day moving average price of $20.41 and a two-hundred day moving average price of $19.93. Gencor Industries has a 1-year low of $14.15 and a 1-year high of $24.88.

Institutional Trading of Gencor Industries

A number of institutional investors and hedge funds have recently modified their holdings of GENC. Ellsworth Advisors LLC bought a new position in Gencor Industries in the 3rd quarter valued at $626,000. Vanguard Group Inc. raised its position in Gencor Industries by 1.0% in the first quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock worth $9,106,000 after acquiring an additional 5,189 shares during the period. Renaissance Technologies LLC boosted its stake 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 acquiring an additional 4,510 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Gencor Industries during the 2nd quarter valued at approximately $163,000. Finally, Bank of New York Mellon Corp grew its position 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 valued at $1,412,000 after acquiring an additional 3,125 shares during the period.

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.