SG Americas Securities LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,840 shares of the company’s stock, valued at approximately $430,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WFG Advisors LP increased its stake in Generac Holdings by 12.7% in the second quarter. WFG Advisors LP now owns 3,586 shares of the company’s stock valued at $125,000 after buying an additional 404 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Generac Holdings by 433.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,642 shares of the company’s stock valued at $127,000 after buying an additional 2,959 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Generac Holdings by 108.8% in the third quarter. BNP Paribas Arbitrage SA now owns 5,584 shares of the company’s stock valued at $203,000 after buying an additional 2,910 shares during the last quarter. Raymond James & Associates bought a new stake in Generac Holdings during the second quarter valued at $204,000. Finally, Public Employees Retirement System of Ohio increased its stake in Generac Holdings by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 6,209 shares of the company’s stock valued at $217,000 after buying an additional 293 shares during the last quarter.
Generac Holdings Inc. (NYSE:GNRC) traded up 0.63% during trading on Friday, hitting $38.60. The stock had a trading volume of 394,034 shares. Generac Holdings Inc. has a 12 month low of $26.29 and a 12 month high of $43.68. The firm has a 50 day moving average of $41.50 and a 200-day moving average of $37.98. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 38.48 and a beta of 1.09.
Generac Holdings (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Generac Holdings had a net margin of 4.80% and a return on equity of 42.39%. The firm earned $373.10 million during the quarter, compared to the consensus estimate of $363.10 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Equities analysts predict that Generac Holdings Inc. will post $2.85 earnings per share for the current year.
Several research firms recently weighed in on GNRC. Zacks Investment Research downgraded Generac Holdings from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, December 27th. Bank of America Corp. downgraded Generac Holdings from a “neutral” rating to an “underperform” rating and cut their target price for the company from $39.00 to $35.00 in a research note on Friday, January 13th. Finally, Robert W. Baird set a $46.00 target price on Generac Holdings and gave the company a “buy” rating in a research note on Thursday, October 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.25.
In related news, CFO York A. Ragen sold 26,685 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $41.25, for a total value of $1,100,756.25. Following the completion of the transaction, the chief financial officer now owns 121,246 shares of the company’s stock, valued at $5,001,397.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Russell S. Minick sold 42,871 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $41.64, for a total transaction of $1,785,148.44. Following the completion of the transaction, the executive vice president now directly owns 60,854 shares of the company’s stock, valued at approximately $2,533,960.56. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
About Generac Holdings
Generac Holdings Inc (Generac) is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. The other engine powered products that the Company designs and manufactures include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use.
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