Alpine Woods Capital Investors LLC continued to hold its position in shares of Generac Holdlings Inc. (NYSE:GNRC) during the second quarter, Holdings Channel reports. The fund owned 36,600 shares of the technology company’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Generac Holdlings were worth $1,322,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GNRC. Victory Capital Management Inc. boosted its position in shares of Generac Holdlings by 51.8% in the first quarter. Victory Capital Management Inc. now owns 3,269 shares of the technology company’s stock worth $122,000 after buying an additional 1,116 shares in the last quarter. Invictus RG boosted its position in shares of Generac Holdlings by 940.9% in the first quarter. Invictus RG now owns 3,893 shares of the technology company’s stock worth $145,000 after buying an additional 3,519 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Generac Holdlings by 93.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,813 shares of the technology company’s stock worth $179,000 after buying an additional 2,327 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Generac Holdlings during the first quarter worth $219,000. Finally, Stevens Capital Management LP purchased a new position in shares of Generac Holdlings during the first quarter worth $238,000. 98.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Generac Holdlings Inc. (NYSE:GNRC) opened at 37.13 on Wednesday. The company has a 50-day moving average of $36.67 and a 200 day moving average of $37.11. The company has a market capitalization of $2.31 billion, a PE ratio of 22.18 and a beta of 1.40. Generac Holdlings Inc. has a 52-week low of $33.77 and a 52-week high of $44.84.

Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The company had revenue of $395.40 million during the quarter, compared to analysts’ expectations of $383.14 million. During the same period in the prior year, the company posted $0.64 earnings per share. Generac Holdlings’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Generac Holdlings Inc. will post $2.94 earnings per share for the current year.

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A number of equities analysts have recently weighed in on GNRC shares. ValuEngine raised shares of Generac Holdlings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TheStreet cut shares of Generac Holdlings from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. BidaskClub raised shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Canaccord Genuity reissued a “hold” rating and set a $40.00 price target on shares of Generac Holdlings in a research report on Friday, April 21st. Finally, Zacks Investment Research raised shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.83.

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $35.68, for a total transaction of $178,400.00. Following the transaction, the chief executive officer now directly owns 1,044,911 shares of the company’s stock, valued at $37,282,424.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

About Generac Holdlings

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

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