Public Employees Retirement Association of Colorado maintained its stake in Generac Holdlings Inc. (NYSE:GNRC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,223 shares of the technology company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned approximately 0.36% of Generac Holdlings worth $8,173,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Atria Investments LLC increased its position in shares of Generac Holdlings by 1.7% in the first quarter. Atria Investments LLC now owns 7,225 shares of the technology company’s stock valued at $269,000 after buying an additional 118 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Generac Holdlings by 1.4% in the first quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock valued at $502,000 after buying an additional 180 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Generac Holdlings by 8.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,486 shares of the technology company’s stock valued at $101,000 after buying an additional 201 shares in the last quarter. WFG Advisors LP increased its position in shares of Generac Holdlings by 5.7% in the first quarter. WFG Advisors LP now owns 8,281 shares of the technology company’s stock valued at $309,000 after buying an additional 450 shares in the last quarter. Finally, Northwest Investment Counselors LLC increased its position in shares of Generac Holdlings by 2.9% in the second quarter. Northwest Investment Counselors LLC now owns 17,989 shares of the technology company’s stock valued at $650,000 after buying an additional 509 shares in the last quarter. 99.57% of the stock is currently owned by institutional investors and hedge funds.
Generac Holdlings Inc. (GNRC) opened at 37.76 on Friday. Generac Holdlings Inc. has a 12 month low of $32.75 and a 12 month high of $44.84. The company’s 50-day moving average is $36.09 and its 200-day moving average is $37.20. The company has a market cap of $2.67 billion, a P/E ratio of 22.56 and a beta of 1.40.
Generac Holdlings (NYSE:GNRC) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Generac Holdlings had a return on equity of 47.06% and a net margin of 7.00%. The company had revenue of $395.40 million during the quarter, compared to the consensus estimate of $383.14 million. During the same quarter last year, the company earned $0.64 earnings per share. Generac Holdlings’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that Generac Holdlings Inc. will post $2.93 EPS for the current fiscal year.
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GNRC has been the topic of several analyst reports. TheStreet downgraded shares of Generac Holdlings from a “b” rating to a “c+” rating in a research note on Thursday, April 27th. BidaskClub upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Canaccord Genuity reiterated a “hold” rating and issued a $40.00 target price on shares of Generac Holdlings in a research note on Friday, April 21st. ValuEngine downgraded shares of Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Generac Holdlings from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Generac Holdlings has an average rating of “Hold” and a consensus target price of $41.83.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $35.68, for a total value of $178,400.00. Following the completion of the sale, the chief executive officer now owns 1,044,911 shares of the company’s stock, valued at $37,282,424.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.
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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