Generac Holdlings Inc. (GNRC) Shares Bought by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. increased its stake in shares of Generac Holdlings Inc. (NYSE:GNRC) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 666,267 shares of the technology company’s stock after buying an additional 45,934 shares during the period. Rothschild Asset Management Inc. owned 1.07% of Generac Holdlings worth $30,602,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in shares of Generac Holdlings by 26,222.2% during the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock worth $109,000 after buying an additional 2,360 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Generac Holdlings during the 3rd quarter worth about $175,000. Victory Capital Management Inc. boosted its holdings in shares of Generac Holdlings by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock worth $139,000 after buying an additional 578 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Generac Holdlings during the 3rd quarter worth about $238,000. Finally, Strs Ohio boosted its holdings in shares of Generac Holdlings by 145.5% during the 3rd quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock worth $248,000 after buying an additional 3,200 shares during the period. 97.19% of the stock is owned by institutional investors and hedge funds.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Russell S. Minick sold 24,085 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the completion of 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. Over the last quarter, insiders have sold 39,085 shares of company stock valued at $1,927,408. 3.00% of the stock is owned by corporate insiders.
A number of analysts have issued reports on GNRC shares. Bank of America Corporation raised shares of Generac Holdlings from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $50.00 in a report on Friday, September 15th. BidaskClub raised shares of Generac Holdlings from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Generac Holdlings in a report on Sunday, September 10th. Stifel Nicolaus reissued a “hold” rating and issued a $41.00 price objective on shares of Generac Holdlings in a report on Thursday, August 3rd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Generac Holdlings in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Generac Holdlings has a consensus rating of “Buy” and an average target price of $53.00.
Shares of Generac Holdlings Inc. (NYSE GNRC) traded down $0.18 during trading on Wednesday, hitting $48.58. 485,900 shares of the stock were exchanged, compared to its average volume of 464,982. Generac Holdlings Inc. has a 12 month low of $33.77 and a 12 month high of $53.78. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77. The company has a market cap of $3,031.09, a P/E ratio of 15.48, a PEG ratio of 1.68 and a beta of 1.79.
Generac Holdlings (NYSE:GNRC) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $457.25 million during the quarter, compared to analysts’ expectations of $420.42 million. Generac Holdlings had a net margin of 7.47% and a return on equity of 46.06%. The firm’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. equities analysts predict that Generac Holdlings Inc. will post 3.22 earnings per share for the current year.
Generac Holdlings Company 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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