15,529 Shares in Gencor Industries, Inc. $GENC Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC acquired a new stake in Gencor Industries, purchasing 15,529 shares valued at approximately $189,000, indicating growing institutional interest.
• Wall Street analysts have issued a "hold" rating for Gencor Industries in a recent coverage report, suggesting a cautious outlook for the stock.
• As of the latest report, Gencor Industries has a market cap of $236.58 million, with shares opening at $16.14 and a one-year trading range between $10.80 and $22.82.

Hsbc Holdings PLC bought a new stake in shares of Gencor Industries, Inc. (NASDAQ:GENC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,529 shares of the company's stock, valued at approximately $189,000. Hsbc Holdings PLC owned approximately 0.11% of Gencor Industries as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Deutsche Bank AG bought a new position in Gencor Industries during the fourth quarter valued at about $34,000. GAMMA Investing LLC boosted its stake in Gencor Industries by 1,247.2% during the first quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock valued at $44,000 after buying an additional 3,355 shares in the last quarter. Bank of America Corp DE boosted its stake in Gencor Industries by 32.5% during the fourth quarter. Bank of America Corp DE now owns 11,981 shares of the company's stock valued at $211,000 after buying an additional 2,938 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Gencor Industries during the first quarter valued at about $207,000. Finally, Barclays PLC boosted its stake in Gencor Industries by 7.4% during the fourth quarter. Barclays PLC now owns 23,585 shares of the company's stock valued at $416,000 after buying an additional 1,628 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Gencor Industries in a research note on Friday, May 16th. They set a "hold" rating for the company.

Gencor Industries Stock Down 1.1%

Shares of NASDAQ GENC traded down $0.17 during mid-day trading on Monday, hitting $15.97. 27,616 shares of the company traded hands, compared to its average volume of 32,735. Gencor Industries, Inc. has a 1 year low of $10.80 and a 1 year high of $22.82. The stock has a market capitalization of $234.09 million, a price-to-earnings ratio of 14.52 and a beta of 0.55. The business has a 50 day moving average of $15.22 and a two-hundred day moving average of $13.76.

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.