Bank of America Corp DE Has $8.25 Million Position in Generac Holdlings Inc. (GNRC)
Bank of America Corp DE increased its position in shares of Generac Holdlings Inc. (NYSE:GNRC) by 2.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 221,177 shares of the technology company’s stock after buying an additional 4,685 shares during the period. Bank of America Corp DE owned approximately 0.35% of Generac Holdlings worth $8,245,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of 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 in the last quarter. Norges Bank purchased a new position in shares of Generac Holdlings during the fourth quarter valued at $25,463,000. Copper Rock Capital Partners LLC purchased a new position in shares of Generac Holdlings during the first quarter valued at $21,614,000. Vivaldi Capital Management LLC purchased a new position in shares of Generac Holdlings during the first quarter valued at $8,819,218,000. Finally, Foundry Partners LLC raised its position in shares of Generac Holdlings by 264.1% in the first quarter. Foundry Partners LLC now owns 306,236 shares of the technology company’s stock valued at $11,416,000 after buying an additional 222,117 shares during the period. Hedge funds and other institutional investors own 98.70% of the company’s stock.
Generac Holdlings Inc. (GNRC) traded up 0.17% during trading on Friday, reaching $36.41. The company had a trading volume of 248,472 shares. The firm has a 50-day moving average price of $36.75 and a 200 day moving average price of $37.08. The stock has a market cap 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 data on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.05. The business had revenue of $395.40 million during the quarter, compared to analyst estimates of $383.14 million. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. Equities research analysts predict that Generac Holdlings Inc. will post $2.94 EPS for the current fiscal year.
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Several research analysts recently weighed in on the company. ValuEngine lowered Generac Holdlings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 target price on shares of Generac Holdlings in a research report on Friday, April 21st. TheStreet lowered Generac Holdlings from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. Zacks Investment Research lowered Generac Holdlings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, BidaskClub lowered Generac Holdlings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.83.
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $35.68, for a total transaction of $178,400.00. Following the completion of the transaction, the chief executive officer now owns 1,044,911 shares of the company’s stock, valued at $37,282,424.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.
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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