State Street Corp Raises Stake in Gencor Industries, Inc. (NASDAQ:GENC)

State Street Corp increased its stake in Gencor Industries, Inc. (NASDAQ:GENC) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,444 shares of the company’s stock after buying an additional 6,049 shares during the period. State Street Corp’s holdings in Gencor Industries were worth $3,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC purchased a new position in shares of Gencor Industries during the third quarter worth approximately $626,000. Renaissance Technologies LLC increased its holdings in 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 period. Acadian Asset Management LLC bought a new stake in Gencor Industries during the 2nd quarter valued at $163,000. Bank of New York Mellon Corp lifted its holdings in shares of Gencor Industries by 4.5% in 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 grew 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 worth $1,243,000 after buying an additional 1,474 shares in the last quarter.

Gencor Industries Stock Down 1.0 %

Shares of NASDAQ:GENC opened at $17.22 on Tuesday. The firm has a 50 day moving average of $20.76 and a 200 day moving average of $20.29. The company has a market capitalization of $252.45 million, a price-to-earnings ratio of 15.65 and a beta of 0.43. Gencor Industries, Inc. has a 52 week low of $15.23 and a 52 week high of $24.88.

Analyst Ratings Changes

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

About Gencor Industries

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.