ETF Managers Group LLC Grows Holdings in Generac Holdings Inc. (GNRC)
ETF Managers Group LLC raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,116 shares of the technology company’s stock after purchasing an additional 276 shares during the quarter. ETF Managers Group LLC’s holdings in Generac were worth $160,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Generac by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,103,407 shares of the technology company’s stock worth $118,653,000 after purchasing an additional 34,838 shares during the last quarter. Teachers Advisors LLC raised its position in Generac by 0.6% in the 3rd quarter. Teachers Advisors LLC now owns 538,994 shares of the technology company’s stock worth $30,405,000 after buying an additional 3,125 shares during the last quarter. Strs Ohio raised its position in Generac by 19.3% in the 4th quarter. Strs Ohio now owns 6,800 shares of the technology company’s stock worth $337,000 after buying an additional 1,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Generac by 52.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,349 shares of the technology company’s stock worth $316,000 after buying an additional 2,179 shares during the last quarter. Finally, Congress Asset Management Co. MA purchased a new position in Generac in the 4th quarter worth about $73,443,000. 95.38% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on GNRC shares. Zacks Investment Research lowered Generac from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. William Blair lowered Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 6th. Finally, Northcoast Research raised Generac from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Friday, May 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Generac presently has a consensus rating of “Hold” and an average target price of $60.43.
Shares of NYSE:GNRC opened at $56.50 on Friday. Generac Holdings Inc. has a fifty-two week low of $45.43 and a fifty-two week high of $60.70. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.89 and a beta of 1.14.
Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.14. The business had revenue of $470.35 million during the quarter, compared to the consensus estimate of $450.73 million. Generac had a return on equity of 41.59% and a net margin of 11.84%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. Sell-side analysts forecast that Generac Holdings Inc. will post 4.64 earnings per share for the current year.
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Generac Company Profile
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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