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

First Eagle Investment Management LLC lifted its holdings in Gencor Industries, Inc. (NASDAQ:GENC) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,064 shares of the company’s stock after buying an additional 3,300 shares during the quarter. First Eagle Investment Management LLC owned 0.51% of Gencor Industries worth $1,307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position 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 worth $4,806,000 after purchasing an additional 4,064 shares in the last quarter. Barclays PLC boosted its holdings 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 buying an additional 9,938 shares in the last quarter. State Street Corp increased its holdings in Gencor Industries by 3.9% in the third quarter. State Street Corp now owns 160,444 shares of the company’s stock valued at $3,347,000 after buying an additional 6,049 shares in the last quarter. De Lisle Partners LLP lifted its position in shares of Gencor Industries by 28.5% during the 3rd quarter. De Lisle Partners LLP now owns 87,294 shares of the company’s stock valued at $1,818,000 after acquiring an additional 19,339 shares during the period. Finally, SageView Advisory Group LLC purchased a new stake in shares of Gencor Industries during the 3rd quarter worth approximately $392,000.

Wall Street Analysts Forecast Growth

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

Gencor Industries Stock Up 1.3 %

NASDAQ:GENC opened at $13.00 on Monday. The company has a market capitalization of $190.55 million, a PE ratio of 11.82 and a beta of 0.45. Gencor Industries, Inc. has a 52-week low of $11.95 and a 52-week high of $24.88. The stock has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $18.25.

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.