NN Investment Partners Holdings N.V. cut its position in Generac Holdlings Inc. (NYSE:GNRC) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,852 shares of the technology company’s stock after selling 2,900 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Generac Holdlings were worth $681,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Generac Holdlings by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,162,329 shares of the technology company’s stock worth $192,452,000 after buying an additional 177,943 shares during the period. BlackRock Inc. increased its position in Generac Holdlings by 13,069.4% in the first quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock worth $155,006,000 after buying an additional 4,126,286 shares during the period. 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. JPMorgan Chase & Co. increased its position in Generac Holdlings by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 1,778,396 shares of the technology company’s stock worth $66,299,000 after buying an additional 80,095 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Generac Holdlings by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,416,568 shares of the technology company’s stock worth $52,810,000 after buying an additional 80,251 shares during the period. Institutional investors own 98.70% of the company’s stock.
Shares of Generac Holdlings Inc. (NYSE GNRC) traded up 0.17% during midday trading on Friday, reaching $36.41. The company’s stock had a trading volume of 248,472 shares. The stock’s 50-day moving average is $36.75 and its 200 day moving average is $37.08. The stock has a market capitalization of $2.26 billion, a P/E ratio of 21.75 and a beta of 1.40. Generac Holdlings Inc. has a 12 month low of $33.77 and a 12 month high of $44.84.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $383.14 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that Generac Holdlings Inc. will post $2.94 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on GNRC shares. Stifel Nicolaus restated a “hold” rating and issued a $41.00 price objective on shares of Generac Holdlings in a report on Thursday, August 3rd. ValuEngine upgraded Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Wolfe Research assumed coverage on Generac Holdlings in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, BidaskClub upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Generac Holdlings currently has a consensus rating of “Hold” and a consensus price target of $41.83.
In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $35.68, for a total value of $178,400.00. Following the transaction, the chief executive officer now directly owns 1,044,911 shares in the company, valued at $37,282,424.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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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