Vanguard Group Inc. increased its position in shares of Generac Holdlings Inc. (NYSE:GNRC) by 3.6% during the first quarter, Holdings Channel reports. The firm owned 5,162,329 shares of the technology company’s stock after buying an additional 177,943 shares during the period. Vanguard Group Inc. owned about 0.07% of Generac Holdlings worth $192,452,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in GNRC. Envestnet Asset Management Inc. boosted its position in 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 during the period. Victory Capital Management Inc. boosted its position in Generac Holdlings by 51.8% in the first quarter. Victory Capital Management Inc. now owns 3,269 shares of the technology company’s stock valued at $122,000 after buying an additional 1,116 shares during the period. Karp Capital Management Corp purchased a new position in Generac Holdlings during the first quarter valued at approximately $219,000. Stevens Capital Management LP purchased a new position in Generac Holdlings during the first quarter valued at approximately $238,000. Finally, Atria Investments LLC boosted its position in 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 during the period. 99.80% of the stock is currently owned by institutional investors and hedge funds.
Generac Holdlings Inc. (GNRC) opened at 36.03 on Monday. Generac Holdlings Inc. has a 12 month low of $32.33 and a 12 month high of $44.84. The stock has a market cap of $2.26 billion, a P/E ratio of 22.93 and a beta of 1.40. The firm’s 50-day moving average is $35.51 and its 200-day moving average is $38.03.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Generac Holdlings had a net margin of 6.81% and a return on equity of 45.83%. The company had revenue of $331.80 million during the quarter, compared to the consensus estimate of $321.82 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts forecast that Generac Holdlings Inc. will post $2.95 earnings per share for the current fiscal year.
GNRC has been the subject of several research analyst reports. Wolfe Research initiated coverage on shares of Generac Holdlings in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research cut shares of Generac Holdlings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. BidaskClub cut shares of Generac Holdlings from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine upgraded shares of Generac Holdlings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $40.00 price target on shares of Generac Holdlings in a research report on Friday, April 21st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $42.00.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $36.50, for a total value of $182,500.00. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.
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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