Arrowstreet Capital Limited Partnership Raises Stock Position in Gencor Industries, Inc. (NASDAQ:GENC)

Arrowstreet Capital Limited Partnership grew its holdings in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 56.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,534 shares of the company’s stock after buying an additional 21,793 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.41% of Gencor Industries worth $1,068,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Royce & Associates LP lifted its holdings in Gencor Industries by 1.0% during the 4th quarter. Royce & Associates LP now owns 1,166,000 shares of the company’s stock valued at $20,580,000 after buying an additional 12,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Gencor Industries by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 230,324 shares of the company’s stock worth $4,806,000 after purchasing an additional 4,064 shares in the last quarter. State Street Corp increased its holdings in shares of Gencor Industries by 3.9% during the third quarter. State Street Corp now owns 160,444 shares of the company’s stock valued at $3,347,000 after acquiring an additional 6,049 shares in the last quarter. First Eagle Investment Management LLC increased its stake in 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 purchasing an additional 3,300 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Gencor Industries by 122.2% in the 4th quarter. JPMorgan Chase & Co. now owns 43,804 shares of the company’s stock valued at $773,000 after acquiring an additional 24,093 shares during the period.

Gencor Industries Stock Performance

NASDAQ:GENC opened at $11.83 on Friday. Gencor Industries, Inc. has a one year low of $10.80 and a one year high of $24.88. The firm has a market cap of $173.40 million, a price-to-earnings ratio of 10.75 and a beta of 0.57. The firm’s fifty day moving average is $12.76 and its two-hundred day moving average is $17.13.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Gencor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th.

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.