Cambiar Investors LLC Has $26,846,000 Stake in Generac Holdings Inc. (GNRC)
Cambiar Investors LLC reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 6.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 767,899 shares of the company’s stock after selling 54,451 shares during the period. Cambiar Investors LLC owned about 1.15% of Generac Holdings worth $26,846,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Scopia Capital Management LP purchased a new stake in shares of Generac Holdings during the first quarter worth $35,581,000. Skyline Asset Management LP purchased a new stake in shares of Generac Holdings during the first quarter worth $16,728,000. Norges Bank purchased a new stake in shares of Generac Holdings during the fourth quarter worth $11,943,000. Renaissance Technologies LLC purchased a new stake in shares of Generac Holdings during the first quarter worth $12,911,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Generac Holdings during the first quarter worth $11,642,000.
Generac Holdings Inc. (NYSE:GNRC) traded up 0.88% during trading on Monday, reaching $36.62. 808,653 shares of the company traded hands. The company has a market cap of $2.41 billion, a PE ratio of 33.17 and a beta of 1.24. Generac Holdings Inc. has a 12 month low of $26.29 and a 12 month high of $39.59. The company’s 50-day moving average is $36.00 and its 200 day moving average is $36.59.
Generac Holdings (NYSE:GNRC) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.04. Generac Holdings had a return on equity of 42.86% and a net margin of 5.42%. The business earned $367.40 million during the quarter, compared to the consensus estimate of $355.23 million. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 27.4% on a year-over-year basis. On average, analysts anticipate that Generac Holdings Inc. will post $2.82 earnings per share for the current year.
GNRC has been the subject of a number of analyst reports. Bank of America Corp. cut shares of Generac Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research note on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research cut shares of Generac Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.00.
About Generac Holdings
Generac Holdings Inc (Generac) is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. The other engine powered products that the Company designs and manufactures include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use.
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