Zweig DiMenna Associates LLC bought a new stake in shares of Generac Holdlings Inc. (NYSE:GNRC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 62,500 shares of the technology company’s stock, valued at approximately $2,871,000. Zweig DiMenna Associates LLC owned 0.10% of Generac Holdlings at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. IFP Advisors Inc raised its position in shares of Generac Holdlings by 26,222.2% in the third quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock worth $109,000 after acquiring an additional 2,360 shares during the period. Victory Capital Management Inc. raised its position in shares of Generac Holdlings by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock worth $139,000 after acquiring an additional 578 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Generac Holdlings by 10.6% in the second quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock worth $212,000 after acquiring an additional 565 shares during the period. Strs Ohio raised its position in shares of Generac Holdlings by 145.5% in the third quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock worth $248,000 after acquiring an additional 3,200 shares during the period. Finally, Aperio Group LLC acquired a new position in shares of Generac Holdlings in the third quarter worth about $267,000. Institutional investors own 96.95% of the company’s stock.

A number of brokerages have weighed in on GNRC. TheStreet upgraded shares of Generac Holdlings from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. ValuEngine downgraded shares of Generac Holdlings from a “strong-buy” rating to a “buy” rating in a research report on Thursday. KeyCorp restated a “hold” rating on shares of Generac Holdlings in a research report on Sunday, September 10th. BidaskClub upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of Generac Holdlings from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $53.00.

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In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.76, for a total transaction of $238,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Russell S. Minick sold 24,085 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the sale, the chief marketing officer now directly owns 39,369 shares of the company’s stock, valued at approximately $2,004,669.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,085 shares of company stock valued at $1,927,408. 3.00% of the stock is owned by corporate insiders.

Generac Holdlings Inc. (NYSE:GNRC) traded down $0.34 on Monday, hitting $49.50. 131,589 shares of the company traded hands, compared to its average volume of 464,202. Generac Holdlings Inc. has a 52-week low of $33.77 and a 52-week high of $53.78. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77. The firm has a market cap of $3,098.23, a P/E ratio of 15.82, a PEG ratio of 1.72 and a beta of 1.79.

Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Generac Holdlings had a net margin of 7.47% and a return on equity of 46.06%. The company had revenue of $457.25 million during the quarter, compared to analysts’ expectations of $420.42 million. During the same quarter in the prior year, the company earned $0.82 EPS. Generac Holdlings’s revenue was up 22.5% compared to the same quarter last year. sell-side analysts expect that Generac Holdlings Inc. will post 3.22 earnings per share for the current year.

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.

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

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