Teachers Advisors LLC raised its position in shares of Generac Holdlings Inc. (NYSE:GNRC) by 0.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,294 shares of the technology company’s stock after buying an additional 49 shares during the period. Teachers Advisors LLC owned 0.16% of Generac Holdlings worth $4,074,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Vivaldi Capital Management LLC acquired a new position in Generac Holdlings during the first quarter worth approximately $8,819,218,000. FMR LLC increased its position in Generac Holdlings by 2.2% in the first quarter. FMR LLC now owns 2,032,333 shares of the technology company’s stock worth $75,765,000 after buying an additional 44,633 shares during the period. Principal Financial Group Inc. increased its position in Generac Holdlings by 1.4% in the first quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock worth $502,000 after buying an additional 180 shares during the period. OppenheimerFunds Inc. increased its position in Generac Holdlings by 3.7% in the first quarter. OppenheimerFunds Inc. now owns 683,767 shares of the technology company’s stock worth $25,491,000 after buying an additional 24,235 shares during the period. Finally, Cortina Asset Management LLC increased its position in Generac Holdlings by 1.8% in the first quarter. Cortina Asset Management LLC now owns 146,266 shares of the technology company’s stock worth $5,453,000 after buying an additional 2,523 shares during the period. 98.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Generac Holdlings Inc. (NYSE GNRC) opened at 38.195 on Tuesday. The firm’s 50-day moving average is $36.09 and its 200 day moving average is $37.20. The stock has a market cap of $2.70 billion, a P/E ratio of 22.817 and a beta of 1.40. Generac Holdlings Inc. has a 52-week low of $33.77 and a 52-week high of $44.84.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The company had revenue of $395.40 million for the quarter, compared to analyst estimates of $383.14 million. Generac Holdlings had a net margin of 7.00% and a return on equity of 47.06%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. Analysts forecast that Generac Holdlings Inc. will post $2.94 earnings per share for the current fiscal year.
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A number of research firms have commented on GNRC. Zacks Investment Research raised shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Generac Holdlings in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Generac Holdlings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Wolfe Research assumed coverage on shares of Generac Holdlings in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, ValuEngine raised shares of Generac Holdlings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.83.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $36.50, for a total value of $182,500.00. Following the transaction, the chief executive officer now directly owns 1,049,911 shares in the company, valued at $38,321,751.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.
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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