Columbia Partners L L C Investment Management Invests $1.47 Million in Generac Holdlings Inc. (NYSE:GNRC)

Columbia Partners L L C Investment Management purchased a new stake in shares of Generac Holdlings Inc. (NYSE:GNRC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,932 shares of the technology company’s stock, valued at approximately $1,466,000. Columbia Partners L L C Investment Management owned 0.05% of Generac Holdlings as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new stake in Generac Holdlings in the second quarter worth about $4,857,000. First Trust Advisors LP raised its holdings in Generac Holdlings by 16.1% during the 2nd quarter. First Trust Advisors LP now owns 186,597 shares of the technology company’s stock worth $6,742,000 after buying an additional 25,814 shares during the period. JPMorgan Chase & Co. grew its stake in Generac Holdlings by 29.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock valued at $82,893,000 after acquiring an additional 515,905 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Generac Holdlings by 6.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,183 shares of the technology company’s stock valued at $15,651,000 after acquiring an additional 25,536 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in Generac Holdlings by 18.7% during the 2nd quarter. Federated Investors Inc. PA now owns 81,565 shares of the technology company’s stock valued at $2,947,000 after acquiring an additional 12,861 shares in the last quarter. 95.77% of the stock is owned by institutional investors.

Generac Holdlings Inc. (NYSE GNRC) traded down $0.43 during mid-day trading on Friday, reaching $48.73. The company had a trading volume of 613,861 shares, compared to its average volume of 503,757. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. The firm has a market cap of $3,030.00, a P/E ratio of 15.47, a P/E/G ratio of 1.68 and a beta of 1.67. Generac Holdlings Inc. has a fifty-two week low of $33.77 and a fifty-two week high of $53.78.

Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. Generac Holdlings had a return on equity of 46.06% and a net margin of 7.47%. The business had revenue of $457.25 million during the quarter, compared to analyst estimates of $420.42 million. During the same period in the prior year, the company earned $0.82 earnings per share. Generac Holdlings’s revenue was up 22.5% compared to the same quarter last year. equities analysts predict that Generac Holdlings Inc. will post 3.22 EPS for the current year.

A number of equities research analysts have issued reports on GNRC shares. TheStreet raised Generac Holdlings from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. BidaskClub upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Generac Holdlings from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Wolfe Research cut Generac Holdlings from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Finally, KeyCorp raised Generac Holdlings from a “sector weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $53.00.

In other Generac Holdlings news, CMO Russell S. Minick sold 24,085 shares of Generac Holdlings stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the sale, the chief marketing officer now directly owns 39,369 shares of the company’s stock, valued at approximately $2,004,669.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $47.76, for a total transaction of $238,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,085 shares of company stock worth $1,725,208. Company insiders own 3.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Columbia Partners L L C Investment Management Invests $1.47 Million in Generac Holdlings Inc. (NYSE:GNRC)” was originally reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://weekherald.com/2017/12/04/columbia-partners-l-l-c-investment-management-purchases-new-holdings-in-generac-holdlings-inc-gnrc.html.

Generac Holdlings 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.

Institutional Ownership by Quarter for Generac Holdlings (NYSE:GNRC)

Receive News & Ratings for Generac Holdlings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac Holdlings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply