Kestrel Investment Management Corp Has $9.22 Million Holdings in Generac Holdlings Inc. (GNRC)
Kestrel Investment Management Corp trimmed its stake in Generac Holdlings Inc. (NYSE:GNRC) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,775 shares of the technology company’s stock after selling 2,400 shares during the period. Generac Holdlings comprises 3.3% of Kestrel Investment Management Corp’s holdings, making the stock its 7th biggest holding. Kestrel Investment Management Corp owned about 0.32% of Generac Holdlings worth $9,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in shares of Generac Holdlings in the 2nd quarter valued at about $4,857,000. First Trust Advisors LP raised its holdings in shares of Generac Holdlings by 16.1% in the 2nd quarter. First Trust Advisors LP now owns 186,597 shares of the technology company’s stock valued at $6,742,000 after purchasing an additional 25,814 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 515,905 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Generac Holdlings by 6.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,183 shares of the technology company’s stock valued at $15,651,000 after purchasing an additional 25,536 shares in the last quarter. Finally, Federated Investors Inc. PA raised its holdings 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 valued at $2,947,000 after purchasing an additional 12,861 shares in the last quarter. 95.77% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on the stock. BidaskClub lowered shares of Generac Holdlings from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Robert W. Baird restated a “buy” rating and issued a $50.00 price target on shares of Generac Holdlings in a report on Wednesday, October 4th. KeyCorp upgraded shares of Generac Holdlings from a “sector weight” rating to an “overweight” rating and set a $55.00 price target for the company in a report on Monday, October 2nd. SunTrust Banks restated a “hold” rating and issued a $47.00 price target on shares of Generac Holdlings in a report on Thursday, October 12th. Finally, Wolfe Research lowered shares of Generac Holdlings from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Generac Holdlings currently has an average rating of “Buy” and an average target price of $53.00.
Generac Holdlings Inc. (NYSE:GNRC) traded down $0.44 during midday trading on Friday, hitting $48.73. 613,861 shares of the company traded hands, compared to its average volume of 463,722. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77. The company has a market cap of $3,030.00, a price-to-earnings ratio of 15.51, a PEG ratio of 1.69 and a beta of 1.71. Generac Holdlings Inc. has a 1 year low of $33.77 and a 1 year high of $53.78.
Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $457.25 million during the quarter, compared to analyst estimates 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 was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. analysts anticipate that Generac Holdlings Inc. will post 3.22 EPS for the current year.
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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