Brinker Capital Inc. acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,309 shares of the technology company’s stock, valued at approximately $214,000.
A number of other institutional investors have also recently made changes to their positions in GNRC. Bank of New York Mellon Corp grew its position in Generac by 9.3% during the second quarter. Bank of New York Mellon Corp now owns 288,455 shares of the technology company’s stock worth $14,921,000 after buying an additional 24,613 shares in the last quarter. Wells Fargo & Company MN grew its position in Generac by 21.6% during the third quarter. Wells Fargo & Company MN now owns 330,700 shares of the technology company’s stock worth $18,654,000 after buying an additional 58,836 shares in the last quarter. JPMorgan Chase & Co. grew its position in Generac by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 2,103,407 shares of the technology company’s stock worth $118,653,000 after buying an additional 34,838 shares in the last quarter. BlackRock Inc. grew its position in Generac by 0.7% during the third quarter. BlackRock Inc. now owns 4,871,723 shares of the technology company’s stock worth $274,812,000 after buying an additional 33,507 shares in the last quarter. Finally, FMR LLC grew its position in Generac by 8.3% during the third quarter. FMR LLC now owns 3,327,353 shares of the technology company’s stock worth $187,697,000 after buying an additional 255,168 shares in the last quarter. 96.53% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Russell S. Minick sold 31,283 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $52.52, for a total value of $1,642,983.16. Following the completion of the sale, the insider now owns 14,415 shares of the company’s stock, valued at approximately $757,075.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.75, for a total value of $1,035,000.00. Following the completion of the sale, the chief executive officer now directly owns 721,281 shares of the company’s stock, valued at approximately $37,326,291.75. The disclosure for this sale can be found here. Insiders sold a total of 91,283 shares of company stock valued at $4,779,583 over the last quarter. Company insiders own 3.00% of the company’s stock.
Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. Generac had a return on equity of 44.15% and a net margin of 11.71%. The firm had revenue of $563.40 million during the quarter, compared to analysts’ expectations of $552.69 million. During the same period in the prior year, the business earned $1.39 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that Generac Holdings Inc. will post 4.59 EPS for the current year.
Several equities analysts recently commented on GNRC shares. William Blair cut Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 6th. ValuEngine upgraded Generac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research cut Generac from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 8th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $57.83.
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Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power 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.
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