JPMorgan Chase & Co. Sells 7,408 Shares of Gencor Industries, Inc. (NASDAQ:GENC)

JPMorgan Chase & Co. lowered its position in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 27.3% in the third quarter, Holdings Channel reports. The institutional investor owned 19,711 shares of the company’s stock after selling 7,408 shares during the period. JPMorgan Chase & Co.’s holdings in Gencor Industries were worth $411,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Gencor Industries by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,539 shares of the company’s stock worth $15,056,000 after purchasing an additional 18,904 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Gencor Industries during the second quarter worth approximately $377,000. Ellsworth Advisors LLC acquired a new stake in shares of Gencor Industries in the third quarter valued at approximately $626,000. Pullen Investment Management LLC raised its position in shares of Gencor Industries by 2.5% in the third quarter. Pullen Investment Management LLC now owns 59,603 shares of the company’s stock valued at $1,243,000 after buying an additional 1,474 shares in the last quarter. Finally, De Lisle Partners LLP boosted its stake in shares of Gencor Industries by 28.5% in the third quarter. De Lisle Partners LLP now owns 87,294 shares of the company’s stock valued at $1,818,000 after buying an additional 19,339 shares during the period.

Analyst Ratings Changes

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

Gencor Industries Stock Up 2.4 %

GENC stock opened at $16.16 on Thursday. Gencor Industries, Inc. has a 52 week low of $14.86 and a 52 week high of $24.88. The business has a 50-day simple moving average of $18.86 and a 200 day simple moving average of $19.94. The company has a market cap of $236.91 million, a PE ratio of 14.69 and a beta of 0.49.

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.