Public Employees Retirement System of Ohio lowered its position in shares of Generac Holdlings Inc. (NYSE:GNRC) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,308 shares of the technology company’s stock after selling 98 shares during the period. Public Employees Retirement System of Ohio’s holdings in Generac Holdlings were worth $198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Atria Investments LLC raised its position in shares of Generac Holdlings by 1.7% in the first quarter. Atria Investments LLC now owns 7,225 shares of the technology company’s stock valued at $269,000 after buying an additional 118 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Generac Holdlings by 1.4% in the first quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock valued at $502,000 after buying an additional 180 shares during the last quarter. WFG Advisors LP raised its position in shares of Generac Holdlings by 5.7% in the first quarter. WFG Advisors LP now owns 8,281 shares of the technology company’s stock valued at $309,000 after buying an additional 450 shares during the last quarter. US Bancorp DE raised its position in shares of Generac Holdlings by 2.9% in the first quarter. US Bancorp DE now owns 29,899 shares of the technology company’s stock valued at $1,115,000 after buying an additional 844 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Generac Holdlings by 8.6% in the first quarter. Ngam Advisors L.P. now owns 11,089 shares of the technology company’s stock valued at $413,000 after buying an additional 878 shares during the last quarter. 98.64% of the stock is owned by institutional investors and hedge funds.

Generac Holdlings Inc. (NYSE:GNRC) traded down 1.93% during mid-day trading on Thursday, reaching $37.57. The company had a trading volume of 51,310 shares. The firm has a 50-day moving average of $36.47 and a 200 day moving average of $37.21. The company has a market capitalization of $2.34 billion, a PE ratio of 22.44 and a beta of 1.40. Generac Holdlings Inc. has a 1-year low of $33.77 and a 1-year high of $44.84.

Generac Holdlings (NYSE:GNRC) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $395.40 million during the quarter, compared to analysts’ expectations of $383.14 million. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, analysts predict that Generac Holdlings Inc. will post $2.94 earnings per share for the current fiscal year.

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Several research analysts have recently commented on GNRC shares. Canaccord Genuity reissued a “hold” rating and set a $40.00 price objective on shares of Generac Holdlings in a report on Friday, April 21st. TheStreet downgraded Generac Holdlings from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. ValuEngine downgraded Generac Holdlings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research downgraded Generac Holdlings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $41.83.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $35.68, for a total value of $178,400.00. Following the completion of the transaction, the chief executive officer now owns 1,044,911 shares in the company, valued at approximately $37,282,424.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

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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