BNP Paribas Financial Markets Lowers Stock Holdings in Gencor Industries, Inc. (NASDAQ:GENC)

BNP Paribas Financial Markets reduced its position in Gencor Industries, Inc. (NASDAQ:GENC) by 69.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,295 shares of the company’s stock after selling 7,374 shares during the period. BNP Paribas Financial Markets’ holdings in Gencor Industries were worth $58,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in Gencor Industries by 7.4% in the 4th quarter. Barclays PLC now owns 23,585 shares of the company’s stock worth $416,000 after acquiring an additional 1,628 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Gencor Industries by 56.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 60,534 shares of the company’s stock worth $1,068,000 after acquiring an additional 21,793 shares during the period. JPMorgan Chase & Co. grew its stake in Gencor Industries by 122.2% in the 4th quarter. JPMorgan Chase & Co. now owns 43,804 shares of the company’s stock worth $773,000 after acquiring an additional 24,093 shares during the period. Royce & Associates LP grew its stake in Gencor Industries by 1.0% in the 4th quarter. Royce & Associates LP now owns 1,166,000 shares of the company’s stock worth $20,580,000 after acquiring an additional 12,000 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of Gencor Industries by 4.7% during the 4th 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Gencor Industries in a research note on Friday, May 16th. They set a “hold” rating for the company.

Gencor Industries Stock Down 0.7%

Shares of NASDAQ GENC opened at $13.70 on Tuesday. Gencor Industries, Inc. has a 52-week low of $10.80 and a 52-week high of $24.88. The firm has a fifty day moving average of $12.51 and a 200-day moving average of $15.11. The stock has a market capitalization of $200.81 million, a PE ratio of 12.45 and a beta of 0.49.

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.