OxFORD Asset Management LLP Grows Holdings in Generac Holdlings Inc. (GNRC)

OxFORD Asset Management LLP grew its stake in Generac Holdlings Inc. (NYSE:GNRC) by 45.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,059 shares of the technology company’s stock after buying an additional 31,141 shares during the period. OxFORD Asset Management LLP owned approximately 0.16% of Generac Holdlings worth $4,596,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Amalgamated Bank grew its stake in Generac Holdlings by 4.9% in the 2nd quarter. Amalgamated Bank now owns 8,100 shares of the technology company’s stock worth $293,000 after buying an additional 380 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Generac Holdlings by 10.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock worth $212,000 after buying an additional 565 shares in the last quarter. Victory Capital Management Inc. grew its stake in Generac Holdlings by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,847 shares of the technology company’s stock worth $139,000 after buying an additional 578 shares in the last quarter. Broadview Advisors LLC grew its stake in Generac Holdlings by 0.8% in the 2nd quarter. Broadview Advisors LLC now owns 101,950 shares of the technology company’s stock worth $3,683,000 after buying an additional 800 shares in the last quarter. Finally, Wellington Shields Capital Management LLC grew its stake in Generac Holdlings by 5.4% in the 3rd quarter. Wellington Shields Capital Management LLC now owns 21,600 shares of the technology company’s stock worth $992,000 after buying an additional 1,100 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,029,911 shares in the company, valued at approximately $53,555,372. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Russell S. Minick sold 24,085 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the sale, the chief marketing officer now owns 39,369 shares of the company’s stock, valued at $2,004,669.48. The disclosure for this sale can be found here. Insiders have sold a total of 34,085 shares of company stock valued at $1,725,208 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Shares of Generac Holdlings Inc. (NYSE GNRC) traded up $0.04 on Thursday, hitting $48.54. 287,200 shares of the stock were exchanged, compared to its average volume of 462,718. The company has a market cap of $3,014.93, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.67 and a beta of 1.74. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.92. Generac Holdlings Inc. has a 1 year low of $33.77 and a 1 year high of $53.78.

Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $457.25 million during the quarter, compared to analyst estimates of $420.42 million. Generac Holdlings had a net margin of 7.47% and a return on equity of 46.06%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS. equities research analysts forecast that Generac Holdlings Inc. will post 3.22 EPS for the current year.

GNRC has been the subject of a number of research reports. Zacks Investment Research raised shares of Generac Holdlings from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Wednesday, October 11th. Bank of America upgraded shares of Generac Holdlings from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $50.00 in a report on Friday, September 15th. KeyCorp boosted their price objective on shares of Generac Holdlings from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. BidaskClub lowered shares of Generac Holdlings from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, Canaccord Genuity restated a “hold” rating and issued a $42.00 price objective (up from $40.00) on shares of Generac Holdlings in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.00.

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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.

Institutional Ownership by Quarter for Generac Holdlings (NYSE:GNRC)

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