AMP Capital Investors Ltd Purchases Shares of 31,361 Generac Holdings Inc. (GNRC)

AMP Capital Investors Ltd purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, Holdings Channel reports. The firm purchased 31,361 shares of the technology company’s stock, valued at approximately $1,553,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new stake in Generac during the third quarter worth approximately $175,000. Financial Gravity Companies Inc. bought a new stake in Generac during the fourth quarter worth approximately $190,000. C M Bidwell & Associates Ltd. bought a new stake in Generac during the fourth quarter worth approximately $193,000. Rothschild Investment Corp IL bought a new stake in Generac during the fourth quarter worth approximately $203,000. Finally, Capital Fund Management S.A. bought a new stake in Generac during the fourth quarter worth approximately $208,000.

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In related news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $44.11, for a total value of $882,200.00. Following the completion of the transaction, the chief executive officer now directly owns 946,463 shares in the company, valued at $41,748,482.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 60,000 shares of company stock valued at $2,833,600 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on GNRC. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, January 17th. Bank of America reiterated a “buy” rating and set a $49.84 price target (down from $58.00) on shares of Generac in a report on Monday, February 12th. SunTrust Banks upgraded Generac from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Robert W. Baird reiterated a “buy” rating and set a $52.00 price target on shares of Generac in a report on Wednesday, February 14th. Finally, Canaccord Genuity set a $54.00 price target on Generac and gave the stock a “hold” rating in a report on Sunday, March 4th. One equities research 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 company presently has a consensus rating of “Hold” and a consensus target price of $51.36.

Generac stock opened at $44.47 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.10 and a quick ratio of 1.13. The company has a market capitalization of $2,824.60, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.97 and a beta of 1.60. Generac Holdings Inc. has a 12 month low of $33.77 and a 12 month high of $53.78.

Generac (NYSE:GNRC) last issued its earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17. The business had revenue of $488.00 million during 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 revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. research analysts predict that Generac Holdings Inc. will post 3.54 EPS for the current fiscal year.

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Generac Company Profile

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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