Nationwide Fund Advisors boosted its holdings in Generac Holdlings Inc. (NYSE:GNRC) by 56.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,552 shares of the technology company’s stock after purchasing an additional 30,387 shares during the quarter. Nationwide Fund Advisors owned approximately 0.13% of Generac Holdlings worth $3,055,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of GNRC. Russell Investments Group Ltd. boosted its stake in Generac Holdlings by 7.5% in the 1st quarter. Russell Investments Group Ltd. now owns 58,267 shares of the technology company’s stock worth $2,172,000 after purchasing an additional 4,082 shares during the period. Karp Capital Management Corp bought a new position in shares of Generac Holdlings during the 1st quarter valued at approximately $219,000. Ameriprise Financial Inc. boosted its position in shares of Generac Holdlings by 141.2% during the 1st quarter. Ameriprise Financial Inc. now owns 274,593 shares of the technology company’s stock valued at $10,237,000 after acquiring an additional 160,740 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Generac Holdlings by 9.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 193,290 shares of the technology company’s stock valued at $7,206,000 after acquiring an additional 17,057 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Generac Holdlings by 93.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,813 shares of the technology company’s stock valued at $179,000 after acquiring an additional 2,327 shares during the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.
A number of research analysts have recently commented on the company. TheStreet upgraded Generac Holdlings from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Generac Holdlings from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday. BidaskClub upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a “hold” rating and set a $41.00 price target on shares of Generac Holdlings in a report on Thursday, August 3rd. Finally, KeyCorp restated a “hold” rating on shares of Generac Holdlings in a report on Sunday, September 10th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Generac Holdlings has a consensus rating of “Buy” and a consensus target price of $48.83.
Generac Holdlings Inc. (NYSE GNRC) opened at 49.09 on Thursday. The stock’s 50 day moving average price is $44.07 and its 200-day moving average price is $38.16. The company has a market cap of $3.05 billion, a P/E ratio of 29.32 and a beta of 1.41. Generac Holdlings Inc. has a 52-week low of $33.77 and a 52-week high of $49.29.
Generac Holdlings (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The company had revenue of $395.40 million for the quarter, compared to the consensus estimate of $383.14 million. During the same quarter in the prior year, the business earned $0.64 EPS. Generac Holdlings’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that Generac Holdlings Inc. will post $2.98 earnings per share for the current fiscal year.
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.44, for a total transaction of $202,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,039,911 shares of the company’s stock, valued at approximately $42,054,000.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 15,000 shares of company stock valued at $619,400. Insiders own 3.00% of the company’s stock.
Generac Holdlings Company Profile
Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.
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