Schroder Investment Management Group cut its stake in shares of Generac Holdlings Inc. (NYSE:GNRC) by 29.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 573,869 shares of the technology company’s stock after selling 236,648 shares during the quarter. Schroder Investment Management Group owned 0.92% of Generac Holdlings worth $26,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in GNRC. EdgePoint Investment Group Inc. raised its stake in shares of Generac Holdlings by 13.9% during the second quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock worth $317,060,000 after acquiring an additional 1,069,401 shares in the last quarter. Shapiro Capital Management LLC purchased a new position in shares of Generac Holdlings during the second quarter worth approximately $37,696,000. Pictet Asset Management Ltd. purchased a new position in shares of Generac Holdlings during the third quarter worth approximately $40,510,000. Janus Henderson Group PLC purchased a new position in shares of Generac Holdlings during the second quarter worth approximately $20,734,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Generac Holdlings by 29.0% during the second quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock worth $82,893,000 after acquiring an additional 515,905 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.
Several research analysts have commented on GNRC shares. BidaskClub raised shares of Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Generac Holdlings from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, October 11th. Bank of America raised shares of Generac Holdlings from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $45.00 in a research note on Thursday, September 7th. Canaccord Genuity reaffirmed a “hold” rating and issued a $42.00 target price (up from $40.00) on shares of Generac Holdlings in a research note on Friday, September 8th. Finally, KeyCorp lifted their target price on shares of Generac Holdlings from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $53.00.
Shares of Generac Holdlings Inc. (NYSE GNRC) traded down $0.44 during midday trading on Monday, hitting $48.73. 613,800 shares of the company traded hands, compared to its average volume of 463,722. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. Generac Holdlings Inc. has a 12 month low of $33.77 and a 12 month high of $53.78. The stock has a market capitalization of $3,029.23, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.68 and a beta of 1.74.
Generac Holdlings (NYSE:GNRC) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $457.25 million for the quarter, compared to the consensus estimate of $420.42 million. Generac Holdlings had a net margin of 7.47% and a return on equity of 46.06%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. equities analysts predict that Generac Holdlings Inc. will post 3.22 EPS for the current year.
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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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