Gencor Industries (NASDAQ:GENC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Gencor Industries (NASDAQ:GENC) from a hold rating to a buy rating in a research report released on Thursday.

Gencor Industries Stock Performance

Shares of NASDAQ GENC traded up $0.05 during mid-day trading on Thursday, reaching $21.47. 3,953 shares of the company traded hands, compared to its average volume of 31,399. Gencor Industries has a fifty-two week low of $14.15 and a fifty-two week high of $24.88. The company’s fifty day moving average is $20.36 and its two-hundred day moving average is $19.92.

Institutional Investors Weigh In On Gencor Industries

Several large investors have recently made changes to their positions in GENC. Rhumbline Advisers lifted its position in Gencor Industries by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock worth $228,000 after buying an additional 465 shares in the last quarter. Pullen Investment Management LLC lifted its position in Gencor Industries by 1.7% during 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 period. BNP Paribas Financial Markets lifted its position in Gencor Industries by 52.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after purchasing an additional 1,765 shares during the period. Bank of New York Mellon Corp lifted its position in Gencor Industries by 4.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 73,012 shares of the company’s stock valued at $1,412,000 after purchasing an additional 3,125 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Gencor Industries by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 386,174 shares of the company’s stock valued at $7,469,000 after purchasing an additional 4,510 shares during the period.

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.