Enlightenment Research LLC Purchases Shares of 500 Generac Holdings Inc. (GNRC)
Enlightenment Research LLC purchased a new position in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 500 shares of the technology company’s stock, valued at approximately $25,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Csenge Advisory Group purchased a new position in Generac in the 3rd quarter worth approximately $38,000. First Hawaiian Bank raised its holdings in Generac by 71.5% in the 4th quarter. First Hawaiian Bank now owns 1,403 shares of the technology company’s stock worth $70,000 after acquiring an additional 585 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Generac in the 3rd quarter worth approximately $100,000. ETF Managers Group LLC raised its holdings in Generac by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 2,840 shares of the technology company’s stock worth $141,000 after acquiring an additional 387 shares during the last quarter. Finally, Salem Investment Counselors Inc. purchased a new position in Generac in the 3rd quarter worth approximately $169,000. 96.76% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on GNRC shares. Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, February 6th. ValuEngine upgraded shares of Generac from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.43.
Generac (NYSE:GNRC) last announced its earnings results on Thursday, February 14th. The technology company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $563.40 million during the quarter, compared to analyst estimates of $552.69 million. Generac had a net margin of 11.71% and a return on equity of 46.48%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 EPS. Sell-side analysts expect that Generac Holdings Inc. will post 4.59 earnings per share for the current year.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $56.47, for a total transaction of $1,129,400.00. Following the completion of the sale, the chief executive officer now directly owns 787,471 shares in the company, valued at approximately $44,468,487.37. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $3,191,000. Company insiders own 3.00% of the company’s stock.
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Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered 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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