Victory Capital Management Inc. grew its position in Generac Holdings Inc. (NYSE:GNRC) by 15.9% in the second quarter, Holdings Channel reports. The fund owned 7,870 shares of the technology company’s stock after buying an additional 1,081 shares during the period. Victory Capital Management Inc.’s holdings in Generac were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNRC. First Trust Advisors LP lifted its holdings in shares of Generac by 14.4% during the second quarter. First Trust Advisors LP now owns 192,326 shares of the technology company’s stock valued at $9,949,000 after purchasing an additional 24,157 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Generac by 10.0% during the second quarter. Wells Fargo & Company MN now owns 271,864 shares of the technology company’s stock valued at $14,063,000 after purchasing an additional 24,747 shares during the last quarter. Smith Asset Management Group LP lifted its stake in Generac by 3.5% in the 2nd quarter. Smith Asset Management Group LP now owns 51,856 shares of the technology company’s stock worth $2,683,000 after acquiring an additional 1,750 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Generac by 277.1% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 40,390 shares of the technology company’s stock worth $2,089,000 after acquiring an additional 29,680 shares in the last quarter. Finally, New Amsterdam Partners LLC NY purchased a new stake in Generac in the 2nd quarter worth about $2,237,000.

In related news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $51.34, for a total transaction of $1,026,800.00. Following the completion of the sale, the chief executive officer now owns 883,571 shares in the company, valued at approximately $45,362,535.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Russell S. Minick sold 9,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $54.86, for a total value of $493,740.00. Following the sale, the insider now owns 16,353 shares of the company’s stock, valued at approximately $897,125.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,662 shares of company stock worth $3,380,273. 3.00% of the stock is currently owned by insiders.

Several brokerages recently issued reports on GNRC. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Friday, May 4th. Stifel Nicolaus increased their price objective on Generac from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. KeyCorp reissued a “buy” rating and issued a $60.00 price objective on shares of Generac in a research note on Wednesday, August 1st. Goldman Sachs Group downgraded Generac from a “neutral” rating to a “sell” rating and set a $49.00 price objective for the company. in a research note on Monday, July 16th. Finally, Canaccord Genuity set a $54.00 price objective on Generac and gave the stock a “hold” rating in a research note on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.98.

Shares of GNRC stock opened at $54.93 on Friday. The company has a current ratio of 1.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. Generac Holdings Inc. has a fifty-two week low of $37.70 and a fifty-two week high of $56.64. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.06 and a beta of 1.49.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.20. The business had revenue of $494.90 million for the quarter, compared to analyst estimates of $448.41 million. Generac had a return on equity of 46.62% and a net margin of 11.18%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. equities research analysts expect that Generac Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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