Janus Henderson Group PLC purchased a new stake in Generac Holdlings Inc. (NYSE:GNRC) in the second quarter, according to its most recent filing with the SEC. The fund purchased 573,868 shares of the technology company’s stock, valued at approximately $20,734,000. Janus Henderson Group PLC owned about 0.92% of Generac Holdlings at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Generac Holdlings by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology company’s stock worth $502,000 after acquiring an additional 180 shares during the period. Amalgamated Bank lifted its holdings in shares of Generac Holdlings by 4.9% in the second quarter. Amalgamated Bank now owns 8,100 shares of the technology company’s stock valued at $293,000 after buying an additional 380 shares during the period. Northwest Investment Counselors LLC lifted its holdings in shares of Generac Holdlings by 2.9% in the second quarter. Northwest Investment Counselors LLC now owns 17,989 shares of the technology company’s stock valued at $650,000 after buying an additional 509 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Generac Holdlings by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock valued at $139,000 after buying an additional 578 shares during the period. Finally, Broadview Advisors LLC lifted its holdings in shares of Generac Holdlings by 0.8% in the second quarter. Broadview Advisors LLC now owns 101,950 shares of the technology company’s stock valued at $3,683,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 97.07% of the company’s stock.
Several equities research analysts have recently commented on the company. Canaccord Genuity upped their target price on Generac Holdlings from $42.00 to $50.00 and gave the company a “hold” rating in a report on Thursday. BidaskClub raised Generac Holdlings from a “hold” rating to a “buy” rating in a report on Thursday. Bank of America Corporation set a $56.00 target price on Generac Holdlings and gave the company a “buy” rating in a report on Monday, October 23rd. KeyCorp upped their target price on Generac Holdlings from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Finally, Stifel Nicolaus upped their target price on Generac Holdlings from $41.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, October 18th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $51.86.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were 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 directly owns 1,044,911 shares of the company’s stock, valued at approximately $37,282,424.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 15,000 shares of company stock valued at $619,400. Insiders own 3.00% of the company’s stock.
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Shares of Generac Holdlings Inc. (GNRC) traded down 0.04% on Friday, reaching $51.98. The company’s stock had a trading volume of 433,512 shares. Generac Holdlings Inc. has a 1-year low of $33.77 and a 1-year high of $52.16. The company’s 50 day moving average is $47.16 and its 200-day moving average is $39.16. The stock has a market cap of $3.23 billion, a PE ratio of 31.05 and a beta of 1.41.
Generac Holdlings (NYSE:GNRC) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The business 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 business earned $0.64 EPS. Generac Holdlings’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts predict that Generac Holdlings Inc. will post $3.02 earnings per share for the current fiscal year.
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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