Public Employees Retirement System of Ohio increased its position in Generac Holdlings Inc. (NYSE:GNRC) by 10.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,873 shares of the technology company’s stock after acquiring an additional 565 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Generac Holdlings were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. increased its holdings in Generac Holdlings by 13.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock worth $317,060,000 after acquiring an additional 1,069,401 shares in the last quarter. BlackRock Inc. increased its holdings in Generac Holdlings by 13,069.4% in the 1st quarter. BlackRock Inc. now owns 4,157,858 shares of the technology company’s stock worth $155,006,000 after acquiring an additional 4,126,286 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Generac Holdlings by 29.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock worth $82,893,000 after acquiring an additional 515,905 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Generac Holdlings by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,464,989 shares of the technology company’s stock worth $52,930,000 after acquiring an additional 48,421 shares in the last quarter. Finally, State Street Corp increased its holdings in Generac Holdlings by 5.1% in the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock worth $44,855,000 after acquiring an additional 60,746 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

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Generac Holdlings Inc. (NYSE:GNRC) opened at $49.40 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $3,079.58, a P/E ratio of 15.73, a PEG ratio of 1.71 and a beta of 1.79. Generac Holdlings Inc. has a 52-week low of $33.77 and a 52-week high of $53.78.

Generac Holdlings (NYSE:GNRC) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $457.25 million during the quarter, compared to the consensus estimate of $420.42 million. Generac Holdlings had a return on equity of 46.06% and a net margin of 7.47%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. sell-side analysts predict that Generac Holdlings Inc. will post 3.22 earnings per share for the current fiscal year.

Several research firms have weighed in on GNRC. TheStreet upgraded Generac Holdlings from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. ValuEngine downgraded Generac Holdlings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. KeyCorp restated a “hold” rating on shares of Generac Holdlings in a research note on Sunday, September 10th. BidaskClub upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $53.00.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,029,911 shares in the company, valued at approximately $53,555,372. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Russell S. Minick sold 24,085 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $50.92, for a total value of $1,226,408.20. Following the transaction, the chief marketing officer now owns 39,369 shares of the company’s stock, valued at $2,004,669.48. The disclosure for this sale can be found here. Insiders have sold a total of 39,085 shares of company stock valued at $1,927,408 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Generac Holdlings Profile

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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