Gencor Industries (NASDAQ:GENC) Downgraded by StockNews.com

StockNews.com downgraded shares of Gencor Industries (NASDAQ:GENC) from a buy rating to a hold rating in a report published on Wednesday.

Gencor Industries Trading Down 2.0 %

Shares of NASDAQ:GENC opened at $18.56 on Wednesday. The firm has a 50 day simple moving average of $20.20 and a 200-day simple moving average of $18.65. The company has a market capitalization of $272.09 million, a PE ratio of 16.14 and a beta of 0.40. Gencor Industries has a twelve month low of $13.50 and a twelve month high of $24.88.

Gencor Industries (NASDAQ:GENC) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.17 earnings per share for the quarter. The firm 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%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GENC. First Eagle Investment Management LLC grew its position in shares of Gencor Industries by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 64,461 shares of the company’s stock worth $1,040,000 after acquiring an additional 4,263 shares during the last quarter. Vanguard Group Inc. grew 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 purchasing an additional 5,189 shares during the last quarter. Aristides Capital LLC acquired a new position in Gencor Industries in the first quarter valued at $188,000. BNP Paribas Financial Markets increased its stake in Gencor Industries by 52.7% in the first quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after purchasing an additional 1,765 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Gencor Industries in the second quarter valued at about $377,000.

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.