Dimensional Fund Advisors LP Raises Position in Generac Holdings Inc. (GNRC)

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Dimensional Fund Advisors LP increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,647,288 shares of the technology company’s stock after purchasing an additional 33,794 shares during the period. Dimensional Fund Advisors LP’s holdings in Generac were worth $81,870,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Enlightenment Research LLC purchased a new stake in shares of Generac during the fourth quarter worth approximately $25,000. First Hawaiian Bank increased its position in shares of Generac by 71.5% during the fourth quarter. First Hawaiian Bank now owns 1,403 shares of the technology company’s stock worth $70,000 after purchasing an additional 585 shares in the last quarter. ETF Managers Group LLC increased its position in shares of Generac by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 2,840 shares of the technology company’s stock worth $141,000 after purchasing an additional 387 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Generac during the fourth quarter worth approximately $223,000. Finally, OmniStar Financial Group Inc. purchased a new stake in shares of Generac during the fourth quarter worth approximately $232,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

GNRC has been the subject of several analyst reports. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, February 15th. Northcoast Research upgraded Generac from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a report on Friday, May 3rd. Finally, William Blair cut Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.43.

Shares of NYSE:GNRC opened at $56.55 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.06 and a quick ratio of 0.92. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 1.87 and a beta of 1.14. Generac Holdings Inc. has a 52-week low of $45.43 and a 52-week high of $60.70.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.14. The company had revenue of $470.35 million during the quarter, compared to analysts’ expectations of $450.73 million. Generac had a return on equity of 41.59% and a net margin of 11.84%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. As a group, equities analysts expect that Generac Holdings Inc. will post 4.64 earnings per share for the current fiscal year.

In other news, insider Russell S. Minick sold 31,283 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $52.52, for a total transaction of $1,642,983.16. Following the completion of the transaction, the insider now directly owns 14,415 shares in the company, valued at approximately $757,075.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $51.75, for a total value of $1,035,000.00. Following the transaction, the chief executive officer now owns 721,281 shares of the company’s stock, valued at $37,326,291.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,283 shares of company stock valued at $4,816,383. 2.70% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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