Wells Fargo & Company MN Purchases 76,395 Shares of Generac Holdings Inc. (GNRC)

Wells Fargo & Company MN raised its position in Generac Holdings Inc. (NYSE:GNRC) by 52.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,348 shares of the technology company’s stock after acquiring an additional 76,395 shares during the quarter. Wells Fargo & Company MN owned 0.36% of Generac worth $10,212,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. IFP Advisors Inc boosted its stake in shares of Generac by 26,222.2% during the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after buying an additional 2,360 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Generac by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock valued at $139,000 after buying an additional 578 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Generac during the 3rd quarter valued at approximately $175,000. Public Employees Retirement System of Ohio boosted its stake in shares of Generac by 10.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock valued at $212,000 after buying an additional 565 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Generac during the 3rd quarter valued at approximately $238,000. 95.78% of the stock is owned by institutional investors.

Several brokerages recently issued reports on GNRC. TheStreet upgraded Generac from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. KeyCorp restated a “hold” rating on shares of Generac in a research note on Sunday, September 10th. SunTrust Banks restated a “hold” rating and set a $48.00 price objective on shares of Generac in a research note on Friday, November 3rd. ValuEngine cut Generac from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, BidaskClub cut Generac from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Generac currently has an average rating of “Buy” and a consensus price target of $53.00.

In related news, CMO Russell S. Minick sold 24,085 shares of Generac stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the transaction, the chief marketing officer now directly owns 39,369 shares of the company’s stock, valued at $2,004,669.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $47.76, for a total value of $238,800.00. The disclosure for this sale can be found here. Insiders have sold 34,085 shares of company stock worth $1,725,208 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Generac Holdings Inc. (NYSE:GNRC) opened at $50.15 on Wednesday. The company has a market capitalization of $3,130.55, a price-to-earnings ratio of 26.39, a PEG ratio of 1.74 and a beta of 1.74. 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 Holdings Inc. has a fifty-two week low of $33.77 and a fifty-two week high of $53.78.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $457.25 million for the quarter, compared to analyst estimates of $420.42 million. Generac had a return on equity of 46.06% and a net margin of 7.47%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. sell-side analysts predict that Generac Holdings Inc. will post 3.22 EPS for the current fiscal year.

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Generac 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.

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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