Ameritas Investment Partners Inc. Has $187,000 Holdings in Generac Holdlings Inc. (GNRC)
Ameritas Investment Partners Inc. held its stake in shares of Generac Holdlings Inc. (NYSE:GNRC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,185 shares of the technology company’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in Generac Holdlings were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in shares of Generac Holdlings by 5.1% in the 2nd quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after purchasing an additional 60,746 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of Generac Holdlings by 2.1% in the 2nd quarter. Gotham Asset Management LLC now owns 55,250 shares of the technology company’s stock valued at $1,996,000 after purchasing an additional 1,111 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Generac Holdlings in the 2nd quarter valued at $20,734,000. Broadview Advisors LLC lifted its stake in shares of Generac Holdlings by 0.8% in the 2nd quarter. Broadview Advisors LLC now owns 101,950 shares of the technology company’s stock valued at $3,683,000 after purchasing an additional 800 shares during the last quarter. Finally, QS Investors LLC lifted its stake in shares of Generac Holdlings by 586,441.2% in the 2nd quarter. QS Investors LLC now owns 99,712 shares of the technology company’s stock valued at $3,603,000 after purchasing an additional 99,695 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Generac Holdlings in a research note on Wednesday. Zacks Investment Research lowered Generac Holdlings from a “buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity upped their price target on Generac Holdlings from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. BidaskClub raised Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Bank of America Corporation set a $56.00 price target on Generac Holdlings and gave the company a “buy” rating in a research note on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Generac Holdlings has a consensus rating of “Buy” and an average price target of $51.86.
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In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction on Friday, September 1st. The stock was sold at an average price of $40.44, for a total value of $202,200.00. Following the transaction, the chief executive officer now owns 1,039,911 shares in the company, valued at $42,054,000.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.
Generac Holdlings (NYSE:GNRC) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.05. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The firm had revenue of $457.25 million for the quarter, compared to analysts’ expectations of $420.42 million. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last 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.
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