Deutsche Bank AG raised its holdings in Gencor Industries (NASDAQ:GENC) by 48.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,995 shares of the industrial products company’s stock after purchasing an additional 15,094 shares during the period. Deutsche Bank AG owned 0.32% of Gencor Industries worth $759,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in GENC. Bank of New York Mellon Corp raised its stake in Gencor Industries by 9.9% during the third quarter. Bank of New York Mellon Corp now owns 70,652 shares of the industrial products company’s stock worth $1,247,000 after purchasing an additional 6,342 shares during the period. Wells Fargo & Company MN increased its position in shares of Gencor Industries by 29.2% in the third quarter. Wells Fargo & Company MN now owns 15,921 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 3,596 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Gencor Industries by 9.1% in the third quarter. Dimensional Fund Advisors LP now owns 577,269 shares of the industrial products company’s stock worth $10,189,000 after acquiring an additional 47,947 shares in the last quarter. Northpointe Capital LLC increased its position in shares of Gencor Industries by 169.8% in the fourth quarter. Northpointe Capital LLC now owns 181,710 shares of the industrial products company’s stock worth $3,007,000 after acquiring an additional 114,372 shares in the last quarter. Finally, QCI Asset Management Inc. NY grew its holdings in Gencor Industries by 54.3% during the 4th quarter. QCI Asset Management Inc. NY now owns 35,500 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 12,500 shares in the last quarter. 43.30% of the stock is currently owned by institutional investors.
Shares of Gencor Industries opened at $15.55 on Friday, Marketbeat reports. The firm has a market cap of $228.85 million, a price-to-earnings ratio of 23.58 and a beta of 0.72. Gencor Industries has a 1-year low of $14.95 and a 1-year high of $18.45.
In other news, insider Jeanne M. Lyons sold 1,500 shares of Gencor Industries stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $17.20, for a total value of $25,800.00. Following the transaction, the insider now owns 500 shares of the company’s stock, valued at approximately $8,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sherry Houtkin sold 1,480 shares of Gencor Industries stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $17.00, for a total transaction of $25,160.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,562 shares of company stock worth $399,016. Insiders own 31.82% of the company’s stock.
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. The company 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.
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