StockNews.com Downgrades Gencor Industries (NASDAQ:GENC) to Hold

Gencor Industries (NASDAQ:GENC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Gencor Industries Trading Down 1.8 %

Gencor Industries stock traded down $0.38 during mid-day trading on Tuesday, hitting $21.06. The company’s stock had a trading volume of 15,238 shares, compared to its average volume of 30,231. The stock’s fifty day moving average is $21.19 and its two-hundred day moving average is $20.38. The firm has a market capitalization of $308.74 million, a PE ratio of 19.15 and a beta of 0.43. Gencor Industries has a 1 year low of $15.23 and a 1 year high of $24.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of Gencor Industries by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 73,012 shares of the company’s stock worth $1,412,000 after buying an additional 3,125 shares in the last quarter. Pullen Investment Management LLC increased its position in shares of Gencor Industries by 1.7% in the 2nd quarter. Pullen Investment Management LLC now owns 58,129 shares of the company’s stock valued at $1,124,000 after purchasing an additional 997 shares during the last quarter. Rhumbline Advisers increased its position in shares of Gencor Industries by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock valued at $228,000 after purchasing an additional 465 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Gencor Industries in the 2nd quarter valued at $163,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Gencor Industries by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 778,539 shares of the company’s stock worth $15,056,000 after purchasing an additional 18,904 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.