Wells Fargo & Company MN Sells 20,685 Shares of Gencor Industries, Inc. (NASDAQ:GENC)

Wells Fargo & Company MN reduced its stake in Gencor Industries, Inc. (NASDAQ:GENC) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,757 shares of the company’s stock after selling 20,685 shares during the period. Wells Fargo & Company MN owned 2.97% of Gencor Industries worth $7,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp grew its stake in 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 purchasing an additional 6,049 shares in the last quarter. Barclays PLC lifted its holdings in shares of Gencor Industries by 82.7% in the 3rd quarter. Barclays PLC now owns 21,957 shares of the company’s stock worth $459,000 after buying an additional 9,938 shares during the period. Geode Capital Management LLC grew its position in shares of Gencor Industries by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 230,324 shares of the company’s stock worth $4,806,000 after buying an additional 4,064 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Gencor Industries by 4.7% during the fourth quarter. First Eagle Investment Management LLC now owns 74,064 shares of the company’s stock valued at $1,307,000 after buying an additional 3,300 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of Gencor Industries by 1.0% in the fourth quarter. Royce & Associates LP now owns 1,166,000 shares of the company’s stock valued at $20,580,000 after acquiring an additional 12,000 shares in the last quarter.

Gencor Industries Price Performance

Shares of Gencor Industries stock opened at $11.54 on Friday. Gencor Industries, Inc. has a 1 year low of $10.80 and a 1 year high of $24.88. The stock has a market cap of $169.15 million, a price-to-earnings ratio of 10.49 and a beta of 0.57. The firm’s 50-day moving average is $12.44 and its two-hundred day moving average is $16.83.

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.