Nuveen LLC Takes $560,000 Position in Gencor Industries, Inc. $GENC

Key Points

• Nuveen LLC has acquired a new stake in Gencor Industries, purchasing 46,055 shares valued at approximately $560,000, representing roughly 0.31% of the company.
• Other institutional investors, like GAMMA Investing LLC and Annis Gardner Whiting Capital Advisors LLC, have also increased their stakes in Gencor Industries, reflecting growing institutional interest.
• Wall Street analysts have initiated coverage on Gencor Industries with a "hold" rating, indicating a cautious approach to the stock's potential performance.

Nuveen LLC acquired a new position in shares of Gencor Industries, Inc. (NASDAQ:GENC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 46,055 shares of the company's stock, valued at approximately $560,000. Nuveen LLC owned about 0.31% of Gencor Industries as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GENC. Barclays PLC raised its holdings in Gencor Industries by 7.4% during the fourth quarter. Barclays PLC now owns 23,585 shares of the company's stock worth $416,000 after purchasing an additional 1,628 shares during the last quarter. Bank of America Corp DE raised its holdings 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 worth $211,000 after purchasing an additional 2,938 shares during the last quarter. Deutsche Bank AG acquired a new position in Gencor Industries during the fourth quarter worth $34,000. Nuveen Asset Management LLC raised its holdings in shares of Gencor Industries by 2.8% in the fourth quarter. Nuveen Asset Management LLC now owns 46,055 shares of the company's stock worth $813,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Systematic Financial Management LP raised its holdings in shares of Gencor Industries by 2.5% in the fourth quarter. Systematic Financial Management LP now owns 1,178,065 shares of the company's stock worth $20,793,000 after acquiring an additional 28,732 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on Gencor Industries in a report on Friday, May 16th. They issued a "hold" rating for the company.

Gencor Industries Trading Down 0.1%

Shares of NASDAQ GENC traded down $0.02 during trading on Friday, reaching $16.14. The company had a trading volume of 23,533 shares, compared to its average volume of 32,766. Gencor Industries, Inc. has a twelve month low of $10.80 and a twelve month high of $22.82. The stock has a market capitalization of $236.58 million, a PE ratio of 14.67 and a beta of 0.55. The stock has a 50-day moving average price of $15.18 and a two-hundred day moving average price of $13.73.

Gencor Industries Company 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.