Ellsworth Advisors LLC acquired a new stake in Gencor Industries, Inc. (NASDAQ:GENC - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 30,007 shares of the company's stock, valued at approximately $626,000. Ellsworth Advisors LLC owned about 0.20% of Gencor Industries as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Gencor Industries by 52.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company's stock worth $85,000 after purchasing an additional 1,765 shares in the last quarter. Pullen Investment Management LLC acquired a new position in shares of Gencor Industries during the first quarter worth about $954,000. First Eagle Investment Management LLC raised its position in Gencor Industries by 11.0% in the 1st quarter. First Eagle Investment Management LLC now owns 71,561 shares of the company's stock valued at $1,194,000 after buying an additional 7,100 shares during the last quarter. Vanguard Group Inc. boosted its position in Gencor Industries by 1.0% during the 1st 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 last quarter. Finally, Aristides Capital LLC acquired a new stake in shares of Gencor Industries in the first quarter valued at approximately $188,000.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Gencor Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, September 4th.
Read Our Latest Report on Gencor Industries
Gencor Industries Stock Performance
GENC opened at $20.70 on Friday. The business's 50-day simple moving average is $19.88 and its 200 day simple moving average is $19.44. The firm has a market capitalization of $303.46 million, a PE ratio of 18.00 and a beta of 0.40. Gencor Industries, Inc. has a 52-week low of $13.63 and a 52-week high of $24.88.
Gencor Industries (NASDAQ:GENC - Get Free Report) last released its earnings results on Friday, August 9th. The company reported $0.17 earnings per share for the quarter. The business had revenue of $25.55 million during the quarter. Gencor Industries had a net margin of 14.33% and a return on equity of 8.60%.
Gencor Industries Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Gencor Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gencor Industries wasn't on the list.
While Gencor Industries currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
