Gagnon Securities LLC lowered its position in Generac Holdlings Inc. (NYSE:GNRC) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 35,635 shares of the technology company’s stock after selling 296 shares during the period. Gagnon Securities LLC’s holdings in Generac Holdlings were worth $1,287,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNRC. Capital Management Corp VA raised its position in Generac Holdlings by 125.9% in the second quarter. Capital Management Corp VA now owns 84,720 shares of the technology company’s stock worth $3,061,000 after buying an additional 47,210 shares in the last quarter. CWM LLC purchased a new position in Generac Holdlings during the second quarter worth $1,761,000. Northwest Investment Counselors LLC raised its position in Generac Holdlings by 2.9% in the second quarter. Northwest Investment Counselors LLC now owns 17,989 shares of the technology company’s stock worth $650,000 after buying an additional 509 shares in the last quarter. Bank of Montreal Can raised its position in Generac Holdlings by 5.4% in the second quarter. Bank of Montreal Can now owns 346,973 shares of the technology company’s stock worth $12,536,000 after buying an additional 17,932 shares in the last quarter. Finally, Atria Investments LLC raised its position in Generac Holdlings by 57.3% in the second quarter. Atria Investments LLC now owns 11,368 shares of the technology company’s stock worth $411,000 after buying an additional 4,143 shares in the last quarter. 99.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Generac Holdlings Inc. (NYSE GNRC) traded down 1.20% during mid-day trading on Friday, reaching $36.37. 315,717 shares of the company’s stock traded hands. Generac Holdlings Inc. has a 12 month low of $32.33 and a 12 month high of $44.84. The firm has a 50 day moving average price of $35.96 and a 200-day moving average price of $37.48. The stock has a market cap of $2.29 billion, a PE ratio of 23.15 and a beta of 1.40.

Generac Holdlings (NYSE:GNRC) last released its earnings results on Thursday, April 27th. The technology company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Generac Holdlings had a net margin of 6.81% and a return on equity of 45.83%. The firm had revenue of $331.80 million for the quarter, compared to analyst estimates of $321.82 million. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, analysts predict that Generac Holdlings Inc. will post $2.95 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Generac Holdlings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Wolfe Research assumed coverage on shares of Generac Holdlings in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Zacks Investment Research downgraded shares of Generac Holdlings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. ValuEngine upgraded shares of Generac Holdlings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, TheStreet downgraded shares of Generac Holdlings from a “b” rating to a “c+” rating in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Generac Holdlings presently has a consensus rating of “Hold” and an average target price of $42.00.

In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $36.50, for a total value of $182,500.00. Following the transaction, the chief executive officer now directly owns 1,049,911 shares of the company’s stock, valued at approximately $38,321,751.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by company 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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Institutional Ownership by Quarter for Generac Holdlings (NYSE:GNRC)

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