Hsbc Holdings PLC Takes $189,000 Position in Gencor Industries, Inc. $GENC

Hsbc Holdings PLC bought a new stake in shares of Gencor Industries, Inc. (NASDAQ:GENC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,529 shares of the company’s stock, valued at approximately $189,000. Hsbc Holdings PLC owned approximately 0.11% of Gencor Industries at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Pullen Investment Management LLC raised its position in Gencor Industries by 3.0% in the 1st quarter. Pullen Investment Management LLC now owns 42,311 shares of the company’s stock worth $515,000 after purchasing an additional 1,217 shares during the period. Nuveen Asset Management LLC raised its position in Gencor Industries by 2.8% in the 4th quarter. Nuveen Asset Management LLC now owns 46,055 shares of the company’s stock worth $813,000 after purchasing an additional 1,274 shares during the period. Barclays PLC raised its position 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 purchasing an additional 1,628 shares during the period. Deutsche Bank AG purchased a new stake in Gencor Industries in the 4th quarter worth about $34,000. Finally, Bank of America Corp DE raised its position in Gencor Industries by 32.5% in the 4th quarter. Bank of America Corp DE now owns 11,981 shares of the company’s stock worth $211,000 after purchasing an additional 2,938 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Gencor Industries in a research report on Friday, May 16th. They issued a “hold” rating on the stock.

Gencor Industries Stock Performance

Shares of NASDAQ:GENC opened at $16.14 on Friday. The firm has a market cap of $236.58 million, a PE ratio of 14.67 and a beta of 0.55. The firm’s 50 day simple moving average is $15.18 and its 200-day simple moving average is $13.72. Gencor Industries, Inc. has a one year low of $10.80 and a one year high of $22.82.

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.