Generac Holdings Inc. (GNRC) Position Lifted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,565,700 shares of the technology company’s stock after buying an additional 100,711 shares during the period. Dimensional Fund Advisors LP owned approximately 2.52% of Generac worth $71,912,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of GNRC. EdgePoint Investment Group Inc. increased its position in Generac by 13.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,775,546 shares of the technology company’s stock worth $317,060,000 after buying an additional 1,069,401 shares during the period. Shapiro Capital Management LLC bought a new position in Generac in the 2nd quarter worth approximately $37,696,000. Pictet Asset Management Ltd. bought a new stake in shares of Generac during the third quarter valued at approximately $40,510,000. Janus Henderson Group PLC bought a new stake in shares of Generac during the second quarter valued at approximately $20,734,000. Finally, JPMorgan Chase & Co. increased its position in shares of Generac by 29.0% during the second quarter. JPMorgan Chase & Co. now owns 2,294,301 shares of the technology company’s stock valued at $82,893,000 after purchasing an additional 515,905 shares during the period. 95.78% of the stock is currently owned by institutional investors.
Shares of Generac Holdings Inc. (NYSE:GNRC) opened at $50.15 on Wednesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.77 and a quick ratio of 1.01. The company has a market capitalization of $3,130.55, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.74 and a beta of 1.74. Generac Holdings Inc. has a one year low of $33.77 and a one year high of $53.78.
A number of research firms have recently issued reports on GNRC. TheStreet upgraded Generac from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. KeyCorp restated a “hold” rating on shares of Generac in a research report on Sunday, September 10th. SunTrust Banks restated a “hold” rating and set a $48.00 price objective on shares of Generac in a research report on Friday, November 3rd. ValuEngine cut Generac from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, BidaskClub cut Generac from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $53.00.
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the chief executive officer now owns 1,029,911 shares of the company’s stock, valued at $53,555,372. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Russell S. Minick sold 24,085 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $50.92, for a total value of $1,226,408.20. Following the completion of the transaction, the chief marketing officer now directly owns 39,369 shares in the company, valued at approximately $2,004,669.48. The disclosure for this sale can be found here. In the last three months, insiders sold 34,085 shares of company stock worth $1,725,208. Insiders own 3.00% of the company’s stock.
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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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