Pullen Investment Management LLC Acquires 1,474 Shares of Gencor Industries, Inc. (NASDAQ:GENC)

Pullen Investment Management LLC lifted its holdings in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,603 shares of the company’s stock after purchasing an additional 1,474 shares during the quarter. Pullen Investment Management LLC’s holdings in Gencor Industries were worth $1,243,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Gencor Industries by 1.0% in the first quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock valued at $9,106,000 after buying an additional 5,189 shares during the period. Ellsworth Advisors LLC bought a new stake in Gencor Industries in the 3rd quarter valued at $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 in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Gencor Industries in the 2nd quarter valued at about $163,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Gencor Industries by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 73,012 shares of the company’s stock valued at $1,412,000 after purchasing an additional 3,125 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gencor Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Gencor Industries Stock Down 4.4 %

Shares of GENC opened at $19.60 on Friday. Gencor Industries, Inc. has a twelve month low of $13.63 and a twelve month high of $24.88. The stock has a market capitalization of $287.34 million, a P/E ratio of 17.04 and a beta of 0.40. The company has a 50 day moving average of $19.98 and a 200-day moving average of $19.55.

Gencor Industries (NASDAQ:GENC) last released its earnings results on Friday, August 9th. The company reported $0.17 earnings per share for the quarter. Gencor Industries had a net margin of 14.33% and a return on equity of 8.60%. The business had revenue of $25.55 million during the quarter.

Gencor Industries 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.