Gencor Industries, Inc. (NASDAQ:GENC) Stake Reduced by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,392 shares of the company’s stock after selling 11,680 shares during the period. Orion Portfolio Solutions LLC’s holdings in Gencor Industries were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in GENC. Ellsworth Advisors LLC bought a new stake in Gencor Industries during the third quarter worth approximately $626,000. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 4,510 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Gencor Industries during the 2nd quarter worth $163,000. Bank of New York Mellon Corp grew its holdings in shares of Gencor Industries by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 73,012 shares of the company’s stock worth $1,412,000 after acquiring an additional 3,125 shares during the last quarter. Finally, Pullen Investment Management LLC raised its position in shares of Gencor Industries by 2.5% during the third quarter. Pullen Investment Management LLC now owns 59,603 shares of the company’s stock worth $1,243,000 after purchasing an additional 1,474 shares during the period.

Gencor Industries Price Performance

Gencor Industries stock opened at $21.61 on Monday. Gencor Industries, Inc. has a fifty-two week low of $15.23 and a fifty-two week high of $24.88. The firm’s 50 day simple moving average is $21.17 and its 200-day simple moving average is $20.36. The company has a market cap of $316.80 million, a P/E ratio of 19.65 and a beta of 0.43.

Analyst Ratings Changes

Separately, StockNews.com upgraded Gencor Industries from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

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.