Bank of New York Mellon Corp Raises Position in Gencor Industries, Inc. (DE) (GENC)

Bank of New York Mellon Corp increased its stake in shares of Gencor Industries, Inc. (DE) (NASDAQ:GENC) by 9.9% in the third quarter, Holdings Channel reports. The fund owned 70,652 shares of the industrial products company’s stock after purchasing an additional 6,342 shares during the period. Bank of New York Mellon Corp’s holdings in Gencor Industries, Inc. (DE) were worth $1,247,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Gencor Industries, Inc. (DE) by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 529,322 shares of the industrial products company’s stock worth $8,575,000 after acquiring an additional 52,091 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Gencor Industries, Inc. (DE) by 2.1% during the second quarter. Vanguard Group Inc. now owns 311,322 shares of the industrial products company’s stock worth $5,044,000 after acquiring an additional 6,365 shares during the last quarter. First Quadrant L P CA boosted its position in shares of Gencor Industries, Inc. (DE) by 71.4% during the third quarter. First Quadrant L P CA now owns 15,356 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 6,395 shares during the last quarter. Northpointe Capital LLC bought a new position in shares of Gencor Industries, Inc. (DE) during the third quarter worth $1,189,000. Finally, Northern Trust Corp boosted its position in shares of Gencor Industries, Inc. (DE) by 3.2% during the second quarter. Northern Trust Corp now owns 88,943 shares of the industrial products company’s stock worth $1,441,000 after acquiring an additional 2,721 shares during the last quarter. Hedge funds and other institutional investors own 41.34% of the company’s stock.

Shares of Gencor Industries, Inc. (GENC) opened at $16.60 on Friday. The stock has a market cap of $239.35, a price-to-earnings ratio of 28.62 and a beta of 0.62. Gencor Industries, Inc. has a 12 month low of $13.32 and a 12 month high of $18.45.

Gencor Industries, Inc. (DE) (NASDAQ:GENC) last released its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $18.56 million for the quarter. Gencor Industries, Inc. (DE) had a net margin of 10.44% and a return on equity of 6.69%.

In related news, major shareholder Sherry Houtkin sold 10,948 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $18.13, for a total transaction of $198,487.24. Following the sale, the insider now owns 1,252,327 shares of the company’s stock, valued at $22,704,688.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 24,416 shares of company stock worth $442,220. 31.82% of the stock is owned by insiders.

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Gencor Industries, Inc. (DE) Profile

Gencor Industries, Inc is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials.

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Institutional Ownership by Quarter for Gencor Industries, Inc. (DE) (NASDAQ:GENC)

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