Royce & Associates LP Maintains Holdings in Generac Holdlings Inc. (GNRC)
Royce & Associates LP held its stake in shares of Generac Holdlings Inc. (NYSE:GNRC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,100 shares of the technology company’s stock at the end of the second quarter. Royce & Associates LP’s holdings in Generac Holdlings were worth $979,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of Generac Holdlings by 17.7% in the 2nd 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. Federated Investors Inc. PA lifted its stake in shares of Generac Holdlings by 18.7% in the 2nd quarter. Federated Investors Inc. PA now owns 81,565 shares of the technology company’s stock worth $2,947,000 after purchasing an additional 12,861 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Generac Holdlings in the 2nd quarter worth approximately $4,857,000. KDI Capital Partners LLC bought a new position in shares of Generac Holdlings in the 2nd quarter worth approximately $1,270,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Generac Holdlings by 698.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,138 shares of the technology company’s stock worth $366,000 after purchasing an additional 8,868 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.
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Shares of Generac Holdlings Inc. (NYSE GNRC) opened at 45.28 on Friday. The firm’s 50-day moving average is $39.05 and its 200-day moving average is $37.07. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 27.05 and a beta of 1.39. Generac Holdlings Inc. has a one year low of $33.77 and a one year high of $45.61.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The firm had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Generac Holdlings’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts forecast that Generac Holdlings Inc. will post $2.96 EPS for the current year.
Several equities analysts have recently weighed in on the stock. Bank of America Corporation upgraded shares of Generac Holdlings from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $50.00 in a research note on Friday. BidaskClub cut shares of Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Friday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Generac Holdlings in a research note on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Generac Holdlings in a research note on Sunday, September 10th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Generac Holdlings in a research note on Friday, September 8th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Generac Holdlings has a consensus rating of “Hold” and an average target price of $44.67.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $35.68, for a total transaction of $178,400.00. Following the sale, the chief executive officer now owns 1,044,911 shares in the company, valued at $37,282,424.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 15,000 shares of company stock worth $563,100 in the last 90 days. 3.00% of the stock is currently owned by insiders.
About Generac Holdlings
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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