Generac Holdings Inc. (GNRC) Holdings Reduced by Two Sigma Investments LP

Two Sigma Investments LP lessened its position in Generac Holdings Inc. (NYSE:GNRC) by 82.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,385 shares of the technology company’s stock after selling 54,656 shares during the period. Two Sigma Investments LP’s holdings in Generac were worth $564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNRC. Burgundy Asset Management Ltd. boosted its position in shares of 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 period. Dimensional Fund Advisors LP boosted its position in shares of Generac by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,565,700 shares of the technology company’s stock worth $71,912,000 after acquiring an additional 100,711 shares during the last quarter. Investec Asset Management LTD bought a new position in shares of Generac during the fourth quarter worth $72,779,000. WS Management Lllp boosted its position in shares of Generac by 6.4% during the fourth quarter. WS Management Lllp now owns 1,011,154 shares of the technology company’s stock worth $50,072,000 after acquiring an additional 61,154 shares during the last quarter. Finally, Impax Asset Management LTD boosted its position in shares of Generac by 29.8% during the fourth quarter. Impax Asset Management LTD now owns 1,001,490 shares of the technology company’s stock worth $49,594,000 after acquiring an additional 230,165 shares during the last quarter.

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NYSE:GNRC opened at $45.77 on Friday. The company has a market cap of $2,941.15, a PE ratio of 13.46, a PEG ratio of 2.03 and a beta of 1.55. 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 1-year low of $33.77 and a 1-year high of $53.78.

Generac (NYSE:GNRC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.17. Generac had a net margin of 9.53% and a return on equity of 45.26%. The company had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $475.15 million. During the same quarter in the previous year, the company posted $1.12 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. analysts expect that Generac Holdings Inc. will post 3.57 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $51.00 price objective on shares of Generac in a research report on Wednesday, April 4th. Stifel Nicolaus reissued a “hold” rating and issued a $49.00 target price (down previously from $50.00) on shares of Generac in a research note on Wednesday, February 14th. SunTrust Banks increased their target price on shares of Generac from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 28th. Goldman Sachs reduced their price target on shares of Generac from $53.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Finally, Canaccord Genuity set a $54.00 target price on shares of Generac and gave the company a “hold” rating in a research report on Sunday, March 4th. 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. Generac currently has a consensus rating of “Hold” and a consensus price target of $52.11.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $48.54, for a total transaction of $970,800.00. Following the transaction, the chief executive officer now owns 969,911 shares of the company’s stock, valued at approximately $47,079,479.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 60,000 shares of company stock worth $2,747,600. Corporate insiders own 3.00% of the company’s stock.

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Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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