WS Management Lllp lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 6.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,011,154 shares of the technology company’s stock after buying an additional 61,154 shares during the period. Generac makes up about 1.5% of WS Management Lllp’s portfolio, making the stock its 15th largest position. WS Management Lllp’s holdings in Generac were worth $50,072,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. Burgundy Asset Management Ltd. boosted its position in Generac by 1.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,749,267 shares of the technology company’s stock worth $86,624,000 after purchasing an additional 22,209 shares during the last quarter. Spark Investment Management LLC bought a new stake in shares of Generac in the fourth quarter valued at $1,277,000. Smith Asset Management Group LP bought a new stake in shares of Generac in the fourth quarter valued at $1,948,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Generac by 5,274.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 75,239 shares of the technology company’s stock valued at $3,726,000 after buying an additional 73,839 shares during the period. Finally, TCW Group Inc. bought a new stake in shares of Generac in the fourth quarter valued at $807,000.
In other news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $48.54, for a total value of $970,800.00. Following the completion of the transaction, the chief executive officer now directly owns 969,911 shares in the company, valued at approximately $47,079,479.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.
Generac (NYSE:GNRC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.17. The business had revenue of $488.00 million for the quarter, compared to analyst estimates of $475.15 million. Generac had a return on equity of 48.32% and a net margin of 9.53%. The company’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 fiscal year.
GNRC has been the topic of several research reports. Zacks Investment Research lowered Generac from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Oppenheimer restated a “hold” rating on shares of Generac in a research note on Wednesday, November 1st. SunTrust Banks restated a “hold” rating and issued a $48.00 target price on shares of Generac in a research note on Friday, November 3rd. Wolfe Research lowered Generac from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Finally, ValuEngine lowered Generac from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.36.
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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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