Nwam LLC lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 4.1% during the third quarter, HoldingsChannel.com reports. The firm owned 24,725 shares of the technology company’s stock after selling 1,068 shares during the period. Generac makes up about 0.8% of Nwam LLC’s holdings, making the stock its 29th biggest holding. Nwam LLC’s holdings in Generac were worth $4,788,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Copper Rock Capital Partners LLC lifted its stake in shares of Generac by 4,092.1% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 9,537,196 shares of the technology company’s stock valued at $999,923,000 after purchasing an additional 9,309,691 shares during the period. State Street Corp raised its stake in Generac by 52.0% during the 1st quarter. State Street Corp now owns 1,956,386 shares of the technology company’s stock worth $182,276,000 after buying an additional 668,981 shares during the period. William Blair Investment Management LLC raised its stake in Generac by 1.5% during the 2nd quarter. William Blair Investment Management LLC now owns 943,767 shares of the technology company’s stock worth $115,074,000 after buying an additional 13,601 shares during the period. Capital International Investors raised its stake in Generac by 261.3% during the 1st quarter. Capital International Investors now owns 794,847 shares of the technology company’s stock worth $74,056,000 after buying an additional 574,847 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its stake in Generac by 35.8% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 699,961 shares of the technology company’s stock worth $65,215,000 after buying an additional 184,376 shares during the period.
In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $189.27, for a total transaction of $946,350.00. Following the completion of the transaction, the chief executive officer now owns 664,240 shares in the company, valued at $125,720,704.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.
Shares of NYSE GNRC traded down $1.58 during mid-day trading on Friday, hitting $208.21. The company had a trading volume of 456,402 shares, compared to its average volume of 863,540. The company has a market capitalization of $13.07 billion, a PE ratio of 52.05, a price-to-earnings-growth ratio of 5.39 and a beta of 1.02. The firm has a 50-day simple moving average of $189.35 and a two-hundred day simple moving average of $139.30. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.77. Generac Holdings Inc. has a one year low of $75.50 and a one year high of $213.99.
Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.48. The company had revenue of $546.80 million during the quarter, compared to analysts’ expectations of $476.86 million. Generac had a return on equity of 32.25% and a net margin of 11.55%. Generac’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. Sell-side analysts expect that Generac Holdings Inc. will post 5.85 earnings per share for the current fiscal year.
GNRC has been the topic of several research analyst reports. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Wednesday, July 1st. Northcoast Research raised Generac from a “neutral” rating to a “buy” rating in a research note on Friday, July 31st. Robert W. Baird increased their target price on Generac from $165.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Roth Capital increased their target price on Generac from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Finally, KeyCorp reiterated a “hold” rating on shares of Generac in a report on Monday, July 20th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $189.53.
Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel; and batteries and inverters.
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