Systematic Financial Management LP Has $14.55 Million Stake in Gencor Industries, Inc. $GENC

Systematic Financial Management LP decreased its position in Gencor Industries, Inc. (NASDAQ:GENC) by 3.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,122,529 shares of the company’s stock after selling 36,791 shares during the period. Systematic Financial Management LP owned 0.08% of Gencor Industries worth $14,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GENC. BNP Paribas Financial Markets boosted its stake in shares of Gencor Industries by 104.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,633 shares of the company’s stock valued at $39,000 after buying an additional 1,343 shares during the period. eCIO Inc. acquired a new stake in shares of Gencor Industries during the 4th quarter valued at $46,000. Raymond James Financial Inc. acquired a new stake in shares of Gencor Industries during the 2nd quarter valued at $75,000. Squarepoint Ops LLC acquired a new stake in shares of Gencor Industries during the 3rd quarter valued at $147,000. Finally, Strs Ohio acquired a new stake in shares of Gencor Industries during the 1st quarter valued at $136,000.

Gencor Industries Stock Performance

GENC stock opened at $14.15 on Monday. Gencor Industries, Inc. has a 1 year low of $12.22 and a 1 year high of $17.40. The company has a fifty day simple moving average of $14.81 and a 200 day simple moving average of $14.19. The firm has a market cap of $207.41 million, a PE ratio of 12.86 and a beta of 0.52.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GENC shares. Loop Capital set a $17.60 target price on shares of Gencor Industries in a research note on Monday, February 9th. Freedom Capital raised shares of Gencor Industries to a “strong-buy” rating in a research note on Friday, February 6th. Finally, UBS Group reissued a “buy” rating on shares of Gencor Industries in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Gencor Industries presently has a consensus 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.