TIAA CREF Investment Management LLC increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 30.2% during the fourth quarter, Holdings Channel reports. The fund owned 208,665 shares of the technology company’s stock after buying an additional 48,406 shares during the period. TIAA CREF Investment Management LLC’s holdings in Generac were worth $10,333,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Teachers Advisors LLC grew its holdings in shares of Generac by 21.8% during the fourth quarter. Teachers Advisors LLC now owns 516,774 shares of the technology company’s stock valued at $25,591,000 after buying an additional 92,519 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Generac by 4.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 31,716 shares of the technology company’s stock valued at $1,571,000 after buying an additional 1,263 shares in the last quarter. HBK Investments L P purchased a new position in shares of Generac during the fourth quarter valued at $297,000. Deutsche Bank AG grew its holdings in shares of Generac by 5.2% during the fourth quarter. Deutsche Bank AG now owns 393,856 shares of the technology company’s stock valued at $19,502,000 after buying an additional 19,375 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of Generac by 31.3% during the fourth quarter. Brandywine Global Investment Management LLC now owns 84,071 shares of the technology company’s stock valued at $4,164,000 after buying an additional 20,055 shares in the last quarter.
Shares of NYSE GNRC opened at $45.30 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.13 and a debt-to-equity ratio of 1.62. Generac Holdings Inc. has a one year low of $33.77 and a one year high of $53.78. The stock has a market capitalization of $2,823.37, a price-to-earnings ratio of 13.32, a PEG ratio of 1.96 and a beta of 1.55.
Generac (NYSE:GNRC) last issued its earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17. Generac had a return on equity of 45.26% and a net margin of 9.53%. The firm had revenue of $488.00 million for the quarter, compared to the consensus estimate of $475.15 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. equities research analysts anticipate that Generac Holdings Inc. will post 3.56 EPS for the current fiscal year.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $44.11, for a total value of $882,200.00. Following the transaction, the chief executive officer now owns 946,463 shares in the company, valued at $41,748,482.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 60,000 shares of company stock worth $2,747,600 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.
A number of research analysts have recently weighed in on GNRC shares. Zacks Investment Research downgraded Generac from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America reiterated a “buy” rating and set a $49.84 price target (down previously from $58.00) on shares of Generac in a report on Monday, February 12th. SunTrust Banks upgraded Generac from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus reiterated a “hold” rating and set a $49.00 price target (down previously from $50.00) on shares of Generac in a report on Wednesday, February 14th. Finally, Robert W. Baird reiterated a “buy” rating and set a $52.00 price target on shares of Generac in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $52.11.
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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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