Alpine Woods Capital Investors LLC boosted its holdings in Generac Holdlings Inc. (NYSE:GNRC) by 13.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,600 shares of the technology company’s stock after buying an additional 5,000 shares during the period. Alpine Woods Capital Investors LLC owned approximately 0.07% of Generac Holdlings worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. EdgePoint Investment Group Inc. boosted its holdings in Generac Holdlings by 13.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock valued at $317,060,000 after purchasing an additional 1,069,401 shares during the period. BlackRock Inc. boosted its holdings in Generac Holdlings by 13,069.4% in the 1st quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock valued at $155,006,000 after purchasing an additional 4,126,286 shares during the period. JPMorgan Chase & Co. boosted its holdings in Generac Holdlings by 29.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock valued at $82,893,000 after purchasing an additional 515,905 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Generac Holdlings by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,464,989 shares of the technology company’s stock valued at $52,930,000 after purchasing an additional 48,421 shares during the period. Finally, State Street Corp boosted its holdings in Generac Holdlings by 5.1% in the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after purchasing an additional 60,746 shares during the period. Institutional investors and hedge funds own 97.19% of the company’s stock.
In other Generac Holdlings news, CMO Russell S. Minick sold 24,085 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $50.92, for a total value of $1,226,408.20. Following the completion of the sale, the chief marketing officer now directly owns 39,369 shares of the company’s stock, valued at $2,004,669.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.76, for a total transaction of $238,800.00. The disclosure for this sale can be found here. Insiders sold 39,085 shares of company stock valued at $1,927,408 over the last three months. 3.00% of the stock is currently owned by insiders.
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Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $457.25 million during the quarter, compared to the consensus estimate of $420.42 million. Generac Holdlings had a net margin of 7.47% and a return on equity of 46.06%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. sell-side analysts predict that Generac Holdlings Inc. will post 3.22 earnings per share for the current fiscal year.
GNRC has been the subject of several analyst reports. BidaskClub downgraded shares of Generac Holdlings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $41.00 price target on shares of Generac Holdlings in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Generac Holdlings from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Bank of America Corporation raised shares of Generac Holdlings from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $34.00 to $45.00 in a report on Thursday, September 7th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $42.00 price objective (up from $40.00) on shares of Generac Holdlings in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Generac Holdlings currently has an average rating of “Buy” and an average target price of $53.00.
About Generac Holdlings
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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