First Eagle Investment Management LLC Raises Position in Gencor Industries, Inc. (NASDAQ:GENC)

First Eagle Investment Management LLC boosted its holdings in Gencor Industries, Inc. (NASDAQ:GENC) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,064 shares of the company’s stock after purchasing an additional 3,300 shares during the quarter. First Eagle Investment Management LLC’s holdings in Gencor Industries were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GENC. Geode Capital Management LLC increased its stake 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 valued at $4,806,000 after acquiring an additional 4,064 shares during the last quarter. State Street Corp increased its position in Gencor Industries by 3.9% during 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 during the last quarter. Barclays PLC raised its stake in Gencor Industries by 82.7% during the third quarter. Barclays PLC now owns 21,957 shares of the company’s stock worth $459,000 after purchasing an additional 9,938 shares during the period. Systematic Financial Management LP boosted its holdings in shares of Gencor Industries by 0.9% in the 3rd quarter. Systematic Financial Management LP now owns 1,149,333 shares of the company’s stock valued at $23,975,000 after purchasing an additional 10,674 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Gencor Industries during the 3rd quarter valued at $392,000.

Gencor Industries Stock Performance

GENC opened at $13.00 on Monday. Gencor Industries, Inc. has a 1 year low of $11.95 and a 1 year high of $24.88. The firm has a 50 day moving average price of $14.41 and a 200 day moving average price of $18.25. The company has a market cap of $190.55 million, a PE ratio of 11.82 and a beta of 0.45.

Analyst Upgrades and Downgrades

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

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.