Eaton Vance Management cut its position in Generac Holdings Inc. (NYSE:GNRC) by 62.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,515 shares of the company’s stock after selling 83,360 shares during the period. Eaton Vance Management owned about 0.08% of Generac Holdings worth $1,766,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new position in shares of Generac Holdings during the first quarter valued at about $213,000. 1st Global Advisors Inc. raised its position in shares of Generac Holdings by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 10,755 shares of the company’s stock valued at $376,000 after buying an additional 50 shares during the period. DIAM Co. Ltd. raised its position in shares of Generac Holdings by 16.1% in the second quarter. DIAM Co. Ltd. now owns 10,800 shares of the company’s stock valued at $378,000 after buying an additional 1,500 shares during the period. Bayesian Capital Management LP raised its position in shares of Generac Holdings by 43.4% in the first quarter. Bayesian Capital Management LP now owns 11,900 shares of the company’s stock valued at $443,000 after buying an additional 3,600 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Generac Holdings by 3.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 12,888 shares of the company’s stock valued at $451,000 after buying an additional 400 shares during the period.
Generac Holdings Inc. (NYSE:GNRC) opened at 34.59 on Friday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 31.33 and a beta of 1.23. The stock’s 50 day moving average price is $36.06 and its 200-day moving average price is $36.60. Generac Holdings Inc. has a 12 month low of $26.29 and a 12 month high of $39.59.
Generac Holdings (NYSE:GNRC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. Generac Holdings had a return on equity of 42.86% and a net margin of 5.42%. The business had revenue of $367.40 million for the quarter, compared to analyst estimates of $355.23 million. During the same period last year, the company earned $0.50 EPS. Generac Holdings’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities analysts anticipate that Generac Holdings Inc. will post $2.82 EPS for the current fiscal year.
Several equities analysts have issued reports on GNRC shares. Bank of America Corp. lowered Generac Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research lowered Generac Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $36.00.
Generac Holdings Company Profile
Generac Holdings Inc (Generac) is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. The other engine powered products that the Company designs and manufactures include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use.
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