Gencor Industries (NASDAQ:GENC) Upgraded by StockNews.com to Buy Rating

Gencor Industries (NASDAQ:GENC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Gencor Industries Stock Performance

Shares of NASDAQ:GENC opened at $21.34 on Thursday. The firm has a market capitalization of $312.77 million, a PE ratio of 19.39 and a beta of 0.40. Gencor Industries has a 52-week low of $14.15 and a 52-week high of $24.88. The firm has a fifty day moving average of $20.41 and a 200 day moving average of $19.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Gencor Industries by 82.7% in the third quarter. Barclays PLC now owns 21,957 shares of the company’s stock worth $459,000 after acquiring an additional 9,938 shares during the last quarter. State Street Corp lifted its stake 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 worth $3,347,000 after buying an additional 6,049 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Gencor Industries by 0.9% during the third quarter. Systematic Financial Management LP now owns 1,149,333 shares of the company’s stock valued at $23,975,000 after buying an additional 10,674 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Gencor Industries during the third quarter valued at approximately $392,000. Finally, De Lisle Partners LLP raised its holdings in Gencor Industries by 28.5% in the 3rd quarter. De Lisle Partners LLP now owns 87,294 shares of the company’s stock worth $1,818,000 after acquiring an additional 19,339 shares during the last quarter.

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.