Generac Holdings Inc
GNRC
Delayed Nyse - 11/17 10:02:02 pm
50.31USD
+0.24%

Generac : Comerica Bank Sells 3,400 Shares of Generac Holdlings Inc

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09/14/2017 | 10:45 am

Comerica Bank trimmed its stake in Generac Holdlings Inc. (NYSE:GNRC) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,000 shares of the technology companys stock after selling 3,400 shares during the period. Comerica Bank owned about 0.07% of Generac Holdlings worth $1,715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GNRC. Principal Financial Group Inc. boosted its position in Generac Holdlings by 1.4% during the first quarter. Principal Financial Group Inc. now owns 13,470 shares of the technology companys stock valued at $502,000 after acquiring an additional 180 shares during the last quarter. WFG Advisors LP boosted its position in Generac Holdlings by 5.7% during the first quarter. WFG Advisors LP now owns 8,281 shares of the technology companys stock valued at $309,000 after acquiring an additional 450 shares during the last quarter. Northwest Investment Counselors LLC boosted its position in Generac Holdlings by 2.9% during the second quarter. Northwest Investment Counselors LLC now owns 17,989 shares of the technology companys stock valued at $650,000 after acquiring an additional 509 shares during the last quarter. US Bancorp DE boosted its position in Generac Holdlings by 2.9% during the first quarter. US Bancorp DE now owns 29,899 shares of the technology companys stock valued at $1,115,000 after acquiring an additional 844 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its position in Generac Holdlings by 8.6% during the first quarter. Ngam Advisors L.P. now owns 11,089 shares of the technology companys stock valued at $413,000 after acquiring an additional 878 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the companys stock.

A number of analysts have commented on the stock. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Generac Holdlings in a research report on Friday. ValuEngine cut shares of Generac Holdlings from a buy rating to a hold rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Generac Holdlings from a hold rating to a sell rating in a research report on Monday, July 10th. BidaskClub cut shares of Generac Holdlings from a sell rating to a strong sell rating in a research report on Monday, July 31st. Finally, Bank of America Corporation raised shares of Generac Holdlings from an underperform rating to a neutral rating and upped their price target for the company from $34.00 to $45.00 in a research report on Thursday, September 7th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the companys stock. The company presently has a consensus rating of Hold and a consensus target price of $43.83.

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the businesss stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $36.50, for a total transaction of $182,500.00. Following the transaction, the chief executive officer now owns 1,049,911 shares in the company, valued at $38,321,751.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 15,000 shares of company stock worth $563,100 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Generac Holdlings Inc. (GNRC) opened at 41.91 on Tuesday. The stocks 50 day moving average is $38.10 and its 200-day moving average is $36.87. Generac Holdlings Inc. has a 52-week low of $33.77 and a 52-week high of $44.84. The company has a market cap of $2.60 billion, a PE ratio of 25.04 and a beta of 1.39.

Generac Holdlings (NYSE:GNRC) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $0.64 by $0.05. Generac Holdlings had a net margin of 7.00% and a return on equity of 46.60%. The firm had revenue of $395.40 million for the quarter, compared to analysts expectations of $383.14 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The companys revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts predict that Generac Holdlings Inc. will post $2.95 EPS for the current fiscal year.

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