Crestline Management LP bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 53,504 shares of the technology company’s stock, valued at approximately $2,650,000. Crestline Management LP owned 0.09% of Generac at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in Generac in the 3rd quarter worth about $175,000. Financial Gravity Companies Inc. bought a new position in Generac in the 4th quarter worth about $190,000. C M Bidwell & Associates Ltd. bought a new position in Generac in the 4th quarter worth about $193,000. Rothschild Investment Corp IL bought a new position in Generac in the 4th quarter worth about $203,000. Finally, Capital Fund Management S.A. bought a new position in Generac in the 4th quarter worth about $208,000.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were 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 in the company, valued at approximately $48,559,851.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 60,000 shares of company stock worth $2,833,600 in the last 90 days. Company insiders own 3.00% of the company’s stock.
Generac (NYSE:GNRC) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.17. The business had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $475.15 million. Generac had a net margin of 9.53% and a return on equity of 45.26%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. research analysts forecast that Generac Holdings Inc. will post 3.54 earnings per share for the current fiscal year.
GNRC has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $49.00 price target (down previously from $50.00) on shares of Generac in a research note on Wednesday, February 14th. Goldman Sachs Group dropped 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. Robert W. Baird reiterated a “buy” rating and issued a $52.00 price target on shares of Generac in a research note on Wednesday, February 14th. Canaccord Genuity set a $54.00 price target on shares of Generac and gave the stock a “hold” rating in a research note on Sunday, March 4th. Finally, Zacks Investment Research cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.36.
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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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