Martin & Co. Inc. TN Purchases New Stake in Gencor Industries, Inc. $GENC

Martin & Co. Inc. TN acquired a new position in Gencor Industries, Inc. (NASDAQ:GENC) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 332,670 shares of the company’s stock, valued at approximately $4,963,000. Gencor Industries comprises approximately 0.8% of Martin & Co. Inc. TN’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors have also recently bought and sold shares of the company. De Lisle Partners LLP purchased a new position in Gencor Industries during the 2nd quarter valued at about $2,265,000. North Star Investment Management Corp. lifted its position in shares of Gencor Industries by 631.2% in the first quarter. North Star Investment Management Corp. now owns 117,000 shares of the company’s stock worth $1,755,000 after purchasing an additional 101,000 shares in the last quarter. Rothschild Wealth LLC acquired a new stake in shares of Gencor Industries during the fourth quarter worth approximately $740,000. Gamco Investors INC. ET AL boosted its holdings in shares of Gencor Industries by 22.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 258,200 shares of the company’s stock worth $3,346,000 after purchasing an additional 47,600 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Gencor Industries during the third quarter valued at approximately $650,000.

Gencor Industries Stock Performance

Gencor Industries stock opened at $19.02 on Friday. The firm has a market cap of $278.80 million, a PE ratio of 17.29 and a beta of 0.49. The firm’s 50 day moving average price is $15.71 and its two-hundred day moving average price is $15.19. Gencor Industries, Inc. has a twelve month low of $12.22 and a twelve month high of $20.19.

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.