Foundry Partners LLC Has $11.53 Million Position in Generac Holdlings Inc. (NYSE:GNRC)
Foundry Partners LLC boosted its position in shares of Generac Holdlings Inc. (NYSE:GNRC) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 319,132 shares of the technology company’s stock after buying an additional 12,896 shares during the period. Foundry Partners LLC’s holdings in Generac Holdlings were worth $11,530,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of GNRC. Vanguard Group Inc. raised its stake in Generac Holdlings by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,162,329 shares of the technology company’s stock worth $192,452,000 after buying an additional 177,943 shares in the last quarter. BlackRock Inc. raised its stake in Generac Holdlings by 13,069.4% in the first quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock worth $155,006,000 after buying an additional 4,126,286 shares in the last quarter. FMR LLC raised its stake in Generac Holdlings by 2.2% in the first quarter. FMR LLC now owns 2,032,333 shares of the technology company’s stock worth $75,765,000 after buying an additional 44,633 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Generac Holdlings by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 1,778,396 shares of the technology company’s stock worth $66,299,000 after buying an additional 80,095 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Generac Holdlings by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,416,568 shares of the technology company’s stock worth $52,810,000 after buying an additional 80,251 shares in the last quarter. Institutional investors own 98.64% of the company’s stock.
Shares of Generac Holdlings Inc. (NYSE:GNRC) opened at 37.39 on Friday. The company has a 50 day moving average of $36.58 and a 200-day moving average of $37.20. Generac Holdlings Inc. has a 52 week low of $33.77 and a 52 week high of $44.84. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 22.34 and a beta of 1.40.
Generac Holdlings (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The company had revenue of $395.40 million during the quarter, compared to analyst estimates of $383.14 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that Generac Holdlings Inc. will post $2.94 earnings per share for the current fiscal year.
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GNRC has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price objective on shares of Generac Holdlings in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Wolfe Research initiated coverage on shares of Generac Holdlings in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, BidaskClub upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently 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 the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $36.50, for a total transaction of $182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,049,911 shares in the company, valued at $38,321,751.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by 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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