Crestline Management LP acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, HoldingsChannel reports. The firm acquired 53,504 shares of the technology company’s stock, valued at approximately $2,650,000.
Several other large investors have also modified their holdings of the company. Investec Asset Management LTD purchased a new stake in Generac in the 4th quarter worth approximately $72,779,000. Millennium Management LLC increased its holdings in Generac by 516.5% in the 4th quarter. Millennium Management LLC now owns 464,420 shares of the technology company’s stock worth $22,998,000 after acquiring an additional 389,084 shares in the last quarter. Impax Asset Management LTD increased its holdings in Generac by 29.8% in the 4th quarter. Impax Asset Management LTD now owns 1,001,490 shares of the technology company’s stock worth $49,594,000 after acquiring an additional 230,165 shares in the last quarter. Pivot Point Capital Partners LLC purchased a new stake in Generac in the 3rd quarter worth approximately $9,154,000. Finally, Renaissance Technologies LLC increased its holdings in Generac by 149.4% in the 4th quarter. Renaissance Technologies LLC now owns 277,800 shares of the technology company’s stock worth $13,757,000 after acquiring an additional 166,400 shares in the last quarter.
Shares of Generac Holdings Inc. (GNRC) traded down $0.27 on Wednesday, reaching $46.24. 19,207 shares of the company’s stock were exchanged, compared to its average volume of 476,864. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.13 and a current ratio of 2.10. Generac Holdings Inc. has a twelve month low of $33.77 and a twelve month high of $53.78. The stock has a market cap of $2,909.36, a price-to-earnings ratio of 13.73, a P/E/G ratio of 2.03 and a beta of 1.60.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.54, for a total transaction of $970,800.00. Following the completion of the sale, the chief executive officer now directly owns 969,911 shares of the company’s stock, valued at approximately $47,079,479.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $2,833,600. Insiders own 3.00% of the company’s stock.
GNRC has been the subject of several analyst reports. Zacks Investment Research lowered shares of Generac from a “buy” rating to a “hold” rating in a report on Monday, February 5th. SunTrust Banks raised shares of Generac from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Wolfe Research lowered shares of Generac from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Bank of America reissued a “buy” rating and issued a $49.84 target price (down from $58.00) on shares of Generac in a report on Monday, February 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $49.00 target price (down from $50.00) on shares of Generac in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $51.36.
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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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