Generac Holdlings Inc. (GNRC) Stake Maintained by Fairfield Bush & CO.

Fairfield Bush & CO. maintained its stake in shares of Generac Holdlings Inc. (NYSE:GNRC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,400 shares of the technology company’s stock at the end of the second quarter. Fairfield Bush & CO.’s holdings in Generac Holdlings were worth $882,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GNRC. Principal Financial Group Inc. grew its holdings 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 purchasing an additional 180 shares during the period. Amalgamated Bank grew its holdings in Generac Holdlings by 4.9% in the second quarter. Amalgamated Bank now owns 8,100 shares of the technology company’s stock worth $293,000 after purchasing an additional 380 shares during the period. Northwest Investment Counselors LLC grew its holdings in Generac Holdlings by 2.9% in the second quarter. Northwest Investment Counselors LLC now owns 17,989 shares of the technology company’s stock worth $650,000 after purchasing an additional 509 shares during the period. Victory Capital Management Inc. grew its holdings in Generac Holdlings by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock worth $139,000 after purchasing an additional 578 shares during the period. Finally, Broadview Advisors LLC grew its holdings in Generac Holdlings by 0.8% in the second quarter. Broadview Advisors LLC now owns 101,950 shares of the technology company’s stock worth $3,683,000 after purchasing an additional 800 shares during the period. Institutional investors own 96.59% of the company’s stock.

Shares of Generac Holdlings Inc. (GNRC) traded up 0.35% on Tuesday, hitting $48.90. 153,975 shares of the stock traded hands. Generac Holdlings Inc. has a 52-week low of $33.77 and a 52-week high of $49.29. The stock’s 50 day moving average price is $43.38 and its 200 day moving average price is $38.00. The stock has a market cap of $3.04 billion, a P/E ratio of 29.21 and a beta of 1.40.

Generac Holdlings (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The firm had revenue of $395.40 million for the quarter, compared to the consensus estimate of $383.14 million. During the same quarter in the previous year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Generac Holdlings Inc. will post $2.98 EPS for the current fiscal year.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.44, for a total value of $202,200.00. Following the transaction, the chief executive officer now owns 1,039,911 shares of the company’s stock, valued at approximately $42,054,000.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 15,000 shares of company stock worth $619,400. Insiders own 3.00% of the company’s stock.

A number of brokerages have weighed in on GNRC. Robert W. Baird restated a “buy” rating and issued a $50.00 price objective on shares of Generac Holdlings in a report on Wednesday, October 4th. KeyCorp upgraded shares of Generac Holdlings from a “sector weight” rating to an “overweight” rating and set a $55.00 price objective on the stock in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Generac Holdlings in a report on Friday, September 8th. Zacks Investment Research cut shares of Generac Holdlings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Finally, BidaskClub cut shares of Generac Holdlings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $47.60.

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Generac Holdlings 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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Institutional Ownership by Quarter for Generac Holdlings (NYSE:GNRC)

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