Sciencast Management LP acquired a new position in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,500 shares of the technology company’s stock, valued at approximately $283,000.
Several other institutional investors have also recently modified their holdings of GNRC. Investec Asset Management LTD acquired a new stake in shares of Generac in the fourth quarter worth $72,779,000. Impax Asset Management LTD lifted its stake in shares of Generac by 29.8% in the fourth quarter. Impax Asset Management LTD now owns 1,001,490 shares of the technology company’s stock worth $49,594,000 after buying an additional 230,165 shares during the last quarter. Pivot Point Capital Partners LLC acquired a new stake in shares of Generac in the third quarter worth $9,154,000. Renaissance Technologies LLC lifted its stake in shares of Generac by 149.4% in the fourth quarter. Renaissance Technologies LLC now owns 277,800 shares of the technology company’s stock worth $13,757,000 after buying an additional 166,400 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in shares of Generac in the fourth quarter worth $7,493,000.
GNRC has been the subject of a number of analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $49.00 price objective (down from $50.00) on shares of Generac in a research note on Wednesday, February 14th. Goldman Sachs cut their target price on shares of Generac from $53.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, February 15th. Robert W. Baird reiterated a “buy” rating and set a $52.00 target price on shares of Generac in a research note on Wednesday, February 14th. Canaccord Genuity set a $54.00 target price on shares of Generac and gave the company a “hold” rating in a research note on Sunday, March 4th. Finally, Zacks Investment Research cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $51.36.
Generac Holdings Inc. (NYSE:GNRC) opened at $47.39 on Friday. The company has a market cap of $2,953.63, a price-to-earnings ratio of 13.94, a P/E/G ratio of 2.06 and a beta of 1.60. Generac Holdings Inc. has a one year low of $33.77 and a one year high of $53.78. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.13 and a current ratio of 2.10.
Generac (NYSE:GNRC) last released its earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.17. The firm had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $475.15 million. Generac had a net margin of 9.53% and a return on equity of 45.26%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. equities analysts predict that Generac Holdings Inc. will post 3.54 earnings per share for the current year.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $48.54, for a total value of $970,800.00. Following the sale, the chief executive officer now owns 969,911 shares of the company’s stock, valued at approximately $47,079,479.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 60,000 shares of company stock worth $2,833,600 in the last three months. Insiders own 3.00% of the company’s stock.
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Generac 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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