37,522 Shares in Gencor Industries, Inc. $GENC Acquired by Legato Capital Management LLC

Legato Capital Management LLC bought a new position in shares of Gencor Industries, Inc. (NASDAQ:GENC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 37,522 shares of the company’s stock, valued at approximately $549,000. Legato Capital Management LLC owned 0.26% of Gencor Industries as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GENC. Bridgeway Capital Management LLC grew its position in Gencor Industries by 2.6% in the second quarter. Bridgeway Capital Management LLC now owns 42,719 shares of the company’s stock valued at $598,000 after purchasing an additional 1,100 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Gencor Industries by 3.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 65,708 shares of the company’s stock worth $920,000 after acquiring an additional 2,100 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Gencor Industries by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 17,286 shares of the company’s stock valued at $253,000 after purchasing an additional 2,383 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Gencor Industries by 14.6% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 21,200 shares of the company’s stock valued at $310,000 after buying an additional 2,700 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Gencor Industries by 1.2% in the second quarter. Geode Capital Management LLC now owns 240,729 shares of the company’s stock valued at $3,371,000 after purchasing an additional 2,913 shares during the last quarter.

Gencor Industries Stock Up 0.4%

Shares of NASDAQ:GENC opened at $15.90 on Thursday. Gencor Industries, Inc. has a twelve month low of $10.80 and a twelve month high of $17.40. The firm has a market capitalization of $233.06 million, a PE ratio of 14.45 and a beta of 0.52. The company has a 50-day moving average price of $14.29 and a two-hundred day moving average price of $14.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Loop Capital set a $17.60 price target on shares of Gencor Industries in a research report on Monday, February 9th. UBS Group restated a “buy” rating on shares of Gencor Industries in a research report on Monday, February 9th. Finally, Freedom Capital upgraded Gencor Industries to a “strong-buy” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.