Wells Fargo & Company MN increased its position in Generac Holdings Inc. (NYSE:GNRC) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,726 shares of the technology company’s stock after buying an additional 3,378 shares during the period. Wells Fargo & Company MN owned 0.36% of Generac worth $11,178,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Macquarie Group Ltd. acquired a new stake in shares of Generac in the 3rd quarter valued at about $175,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Generac in the 4th quarter valued at about $193,000. Rothschild Investment Corp IL bought a new position in Generac in the 4th quarter valued at about $203,000. Clarus Wealth Advisors bought a new position in Generac in the 4th quarter valued at about $230,000. Finally, Teacher Retirement System of Texas bought a new position in Generac in the 3rd quarter valued at about $238,000.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of Generac stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $48,559,851.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 60,000 shares of company stock worth $2,833,600. Insiders own 3.00% of the company’s stock.
Generac Holdings Inc. (GNRC) opened at $46.63 on Tuesday. Generac Holdings Inc. has a 1 year low of $33.77 and a 1 year high of $53.78. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.13 and a current ratio of 2.10. The company has a market cap of $2,953.62, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60.
Generac (NYSE:GNRC) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $475.15 million. During the same quarter last year, the firm earned $1.12 EPS. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. sell-side analysts forecast that Generac Holdings Inc. will post 3.54 earnings per share for the current year.
Several equities analysts recently weighed in on the stock. Canaccord Genuity set a $54.00 price target on shares of Generac and gave the company a “hold” rating in a research report on Sunday, March 4th. Zacks Investment Research cut shares of Generac from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Goldman Sachs 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 report on Thursday, February 15th. Robert W. Baird reaffirmed a “buy” rating and issued a $52.00 price target on shares of Generac in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $49.00 price target (down previously from $50.00) on shares of Generac in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.36.
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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