Impax Asset Management LTD raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 29.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,001,490 shares of the technology company’s stock after buying an additional 230,165 shares during the quarter. Generac comprises approximately 1.4% of Impax Asset Management LTD’s investment portfolio, making the stock its 28th biggest position. Impax Asset Management LTD’s holdings in Generac were worth $49,594,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Generac by 5.1% in the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after purchasing an additional 60,746 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Generac by 10.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock valued at $212,000 after purchasing an additional 565 shares during the last quarter. Strs Ohio increased its stake in shares of Generac by 145.5% in the 3rd quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock valued at $248,000 after purchasing an additional 3,200 shares during the last quarter. Aperio Group LLC bought a new position in shares of Generac in the 3rd quarter valued at $267,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Generac in the 3rd quarter valued at $40,510,000.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Generac from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Goldman Sachs Group reduced their price objective on Generac from $53.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, February 15th. Robert W. Baird restated a “buy” rating and set a $52.00 price objective on shares of Generac in a research report on Wednesday, February 14th. Stifel Nicolaus restated a “hold” rating and set a $49.00 price objective (down previously from $50.00) on shares of Generac in a research report on Wednesday, February 14th. Finally, SunTrust Banks upgraded Generac from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.36.
Shares of Generac Holdings Inc. (NYSE:GNRC) opened at $44.48 on Thursday. The firm has a market capitalization of $2,770.00, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.00 and a beta of 1.57. Generac Holdings Inc. has a 52-week low of $33.77 and a 52-week high of $53.78. The company has a current ratio of 2.10, a quick ratio of 1.01 and a debt-to-equity ratio of 1.62.
Generac (NYSE:GNRC) last issued its quarterly earnings data 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 45.26% and a net margin of 9.53%. Generac’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. analysts forecast that Generac Holdings Inc. will post 3.54 earnings per share for the current fiscal year.
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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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