5,542 Shares in Generac Holdings Inc. (GNRC) Purchased by We Are One Seven LLC

We Are One Seven LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 5,542 shares of the technology company’s stock, valued at approximately $274,000.

Several other hedge funds also recently bought and sold shares of GNRC. Legal & General Group Plc lifted its holdings in Generac by 6.2% in the 3rd quarter. Legal & General Group Plc now owns 60,743 shares of the technology company’s stock worth $2,788,000 after purchasing an additional 3,547 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Generac by 52.3% in the 3rd quarter. Wells Fargo & Company MN now owns 222,348 shares of the technology company’s stock worth $10,212,000 after purchasing an additional 76,395 shares in the last quarter. Impax Asset Management AIFM Ltd lifted its holdings in Generac by 1.9% in the 3rd quarter. Impax Asset Management AIFM Ltd now owns 416,809 shares of the technology company’s stock worth $19,144,000 after purchasing an additional 7,600 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Generac in the 3rd quarter worth approximately $420,000. Finally, California Public Employees Retirement System lifted its holdings in Generac by 10.2% in the 3rd quarter. California Public Employees Retirement System now owns 201,053 shares of the technology company’s stock worth $9,234,000 after purchasing an additional 18,653 shares in the last quarter.

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A number of research analysts recently commented on the company. Stifel Nicolaus reissued a “hold” rating and issued a $49.00 price target (down from $50.00) on shares of Generac in a report on Wednesday, February 14th. Goldman Sachs reduced their price objective on Generac from $53.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. SunTrust Banks raised Generac from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Zacks Investment Research downgraded Generac from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Generac in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Generac currently has a consensus rating of “Hold” and an average target price of $51.36.

Shares of GNRC stock opened at $44.47 on Friday. The company has a quick ratio of 1.13, a current ratio of 2.10 and a debt-to-equity ratio of 1.62. Generac Holdings Inc. has a 12 month low of $33.77 and a 12 month high of $53.78. The stock has a market capitalization of $2,824.60, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.97 and a beta of 1.60.

Generac (NYSE:GNRC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.17. Generac had a return on equity of 45.26% and a net margin of 9.53%. The business 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 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. sell-side analysts expect that Generac Holdings Inc. will post 3.54 earnings per share for the current year.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $49.03, for a total transaction of $980,600.00. Following the transaction, the chief executive officer now owns 990,411 shares of the company’s stock, valued at approximately $48,559,851.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 60,000 shares of company stock worth $2,833,600. Corporate insiders own 3.00% of the company’s stock.

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About Generac

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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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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