Rothschild Asset Management Inc. Has $30.60 Million Position in Generac Holdlings Inc. (GNRC)

Rothschild Asset Management Inc. lifted its position in shares of Generac Holdlings Inc. (NYSE:GNRC) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 666,267 shares of the technology company’s stock after acquiring an additional 45,934 shares during the quarter. Rothschild Asset Management Inc. owned approximately 1.07% of Generac Holdlings worth $30,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in Generac Holdlings by 26,222.2% in the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after buying an additional 2,360 shares in the last quarter. Victory Capital Management Inc. increased its position in Generac Holdlings by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock valued at $139,000 after buying an additional 578 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Generac Holdlings in the 3rd quarter valued at about $175,000. Public Employees Retirement System of Ohio increased its position in Generac Holdlings 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 buying an additional 565 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Generac Holdlings in the 3rd quarter valued at about $238,000. 95.79% of the stock is currently owned by institutional investors.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.76, for a total transaction of $238,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Russell S. Minick sold 24,085 shares of the stock in a transaction dated 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 completion of the transaction, the chief marketing officer now directly owns 39,369 shares of the company’s stock, valued at $2,004,669.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,085 shares of company stock valued at $1,725,208. Company insiders own 3.00% of the company’s stock.

A number of research firms have issued reports on GNRC. BidaskClub downgraded Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Robert W. Baird restated a “buy” rating and issued a $50.00 target price on shares of Generac Holdlings in a research note on Wednesday, October 4th. KeyCorp upgraded 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. SunTrust Banks restated a “hold” rating and issued a $47.00 target price on shares of Generac Holdlings in a research note on Thursday, October 12th. Finally, Wolfe Research downgraded Generac Holdlings from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $53.00.

Generac Holdlings Inc. (GNRC) traded up $0.13 during trading on Thursday, hitting $48.67. 277,988 shares of the stock traded hands, compared to its average volume of 461,885. The company has a market capitalization of $3,014.93, a PE ratio of 15.40, a P/E/G ratio of 1.67 and a beta of 1.74. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. Generac Holdlings Inc. has a 52-week low of $33.77 and a 52-week high of $53.78.

Generac Holdlings (NYSE:GNRC) last released its earnings results on Wednesday, November 1st. The technology company reported $0.93 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $420.42 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. equities research analysts forecast that Generac Holdlings Inc. will post 3.22 EPS for the current year.

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Generac Holdlings 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.

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

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