Royce & Associates LP Increases Stock Holdings in Gencor Industries, Inc. (NASDAQ:GENC)

Royce & Associates LP increased its stake in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,166,000 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Royce & Associates LP owned approximately 0.08% of Gencor Industries worth $20,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Systematic Financial Management LP increased its position in Gencor Industries by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 1,149,333 shares of the company’s stock worth $23,975,000 after purchasing an additional 10,674 shares in the last quarter. Geode Capital Management LLC increased its position in Gencor Industries by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 230,324 shares of the company’s stock worth $4,806,000 after purchasing an additional 4,064 shares in the last quarter. State Street Corp increased its position in 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. De Lisle Partners LLP increased its position in Gencor Industries by 28.5% during the 3rd quarter. De Lisle Partners LLP now owns 87,294 shares of the company’s stock worth $1,818,000 after purchasing an additional 19,339 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in Gencor Industries by 4.7% during the 4th quarter. First Eagle Investment Management LLC now owns 74,064 shares of the company’s stock worth $1,307,000 after purchasing an additional 3,300 shares in the last quarter.

Gencor Industries Trading Up 1.3 %

Shares of NASDAQ:GENC opened at $13.00 on Monday. The stock’s 50-day moving average price is $14.41 and its two-hundred day moving average price is $18.25. Gencor Industries, Inc. has a 12-month low of $11.95 and a 12-month high of $24.88. The firm has a market cap of $190.55 million, a price-to-earnings ratio of 11.82 and a beta of 0.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gencor Industries from a “buy” rating to a “hold” rating in a research 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.