First Trust Advisors LP Has $7.92 Million Stake in Generac Holdlings Inc. (GNRC)
First Trust Advisors LP trimmed its position in Generac Holdlings Inc. (NYSE:GNRC) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,338 shares of the technology company’s stock after selling 14,259 shares during the quarter. First Trust Advisors LP owned about 0.28% of Generac Holdlings worth $7,915,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of GNRC. BlackRock Inc. raised its stake in Generac Holdlings by 13,069.4% during the 1st quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock valued at $155,006,000 after purchasing an additional 4,126,286 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in Generac Holdlings by 13.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock valued at $317,060,000 after buying an additional 1,069,401 shares during the period. Shapiro Capital Management LLC bought a new stake in Generac Holdlings in the 2nd quarter valued at $37,696,000. Janus Henderson Group PLC bought a new stake in Generac Holdlings in the 2nd quarter valued at $20,734,000. Finally, JPMorgan Chase & Co. increased its holdings in Generac Holdlings by 29.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock valued at $82,893,000 after buying an additional 515,905 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.
Several brokerages have issued reports on GNRC. ValuEngine lowered shares of Generac Holdlings from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of Generac Holdlings from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a report on Monday, November 6th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $48.00 target price on shares of Generac Holdlings in a report on Friday, November 3rd. Canaccord Genuity upped their target price on shares of Generac Holdlings from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Generac Holdlings in a report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Generac Holdlings currently has a consensus rating of “Buy” and a consensus price target of $53.00.
In other news, CMO Russell S. Minick sold 24,085 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the completion of the transaction, the chief marketing officer now directly owns 39,369 shares of the company’s stock, valued at approximately $2,004,669.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the transaction, the chief executive officer now directly owns 1,029,911 shares of the company’s stock, valued at $53,555,372. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,085 shares of company stock valued at $1,927,408. 3.00% of the stock is owned by company insiders.
Generac Holdlings Inc. (NYSE GNRC) opened at $49.84 on Monday. 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 52-week low of $33.77 and a 52-week high of $53.78. The stock has a market cap of $3,098.23, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.79.
Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business 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%. Generac Holdlings’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. equities research analysts anticipate that Generac Holdlings Inc. will post 3.22 earnings per share 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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