Gencor Industries, Inc. $GENC Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lessened its stake in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,122,529 shares of the company’s stock after selling 36,791 shares during the quarter. Systematic Financial Management LP owned about 7.66% of Gencor Industries worth $14,548,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Essex Investment Management Co. LLC acquired a new position in shares of Gencor Industries during the third quarter valued at approximately $1,898,000. Legato Capital Management LLC acquired a new position in Gencor Industries in the third quarter worth approximately $549,000. Teton Advisors LLC acquired a new position in Gencor Industries in the third quarter worth approximately $3,701,000. Gamco Investors INC. ET AL grew its position in Gencor Industries by 22.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 258,200 shares of the company’s stock worth $3,346,000 after buying an additional 47,600 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Gencor Industries by 104.6% in the third quarter. GSA Capital Partners LLP now owns 20,677 shares of the company’s stock worth $303,000 after buying an additional 10,573 shares during the last quarter.

Gencor Industries Stock Performance

Gencor Industries stock opened at $14.15 on Monday. The company has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.19. Gencor Industries, Inc. has a 52 week low of $12.22 and a 52 week high of $17.40. The firm has a market capitalization of $207.41 million, a price-to-earnings ratio of 12.86 and a beta of 0.52.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GENC shares. Freedom Capital upgraded shares of Gencor Industries to a “strong-buy” rating in a research report on Friday, February 6th. UBS Group restated a “buy” rating on shares of Gencor Industries in a research report on Monday, February 9th. Finally, Loop Capital set a $17.60 price target on shares of Gencor Industries in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus target price of $17.60.

Gencor Industries 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. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.