Kestrel Investment Management Corp Lowers stake in Generac Holdings (GNRC)

Generac Holdings (GNRC) : Kestrel Investment Management Corp reduced its stake in Generac Holdings by 1.09% during the most recent quarter end. The investment management company now holds a total of 277,475 shares of Generac Holdings which is valued at $9.8 Million after selling 3,050 shares in Generac Holdings , the firm said in a disclosure report filed with the SEC on May 12, 2016.Generac Holdings makes up approximately 3.79% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Investec Asset Management Ltd boosted its stake in GNRC in the latest quarter, The investment management firm added 10,080 additional shares and now holds a total of 2,758,750 shares of Generac Holdings which is valued at $97.3 Million. Generac Holdings makes up approx 0.53% of Investec Asset Management Ltd’s portfolio. Cornerstone Capital Management Holdings. added GNRC to its portfolio by purchasing 1,422 company shares during the most recent quarter which is valued at $50,154.Blackrock Advisors boosted its stake in GNRC in the latest quarter, The investment management firm added 126,889 additional shares and now holds a total of 155,961 shares of Generac Holdings which is valued at $5.5 Million. Generac Holdings makes up approx 0.01% of Blackrock Advisors’s portfolio.Norges Bank boosted its stake in GNRC in the latest quarter, The investment management firm added 126,282 additional shares and now holds a total of 401,161 shares of Generac Holdings which is valued at $14.1 Million. Generac Holdings makes up approx 0.01% of Norges Bank’s portfolio.New York State Common Retirement Fund boosted its stake in GNRC in the latest quarter, The investment management firm added 12,347 additional shares and now holds a total of 122,186 shares of Generac Holdings which is valued at $4.3 Million. Generac Holdings makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.

Generac Holdings opened for trading at $35.13 and hit $36.02 on the upside on Friday, eventually ending the session at $36.01, with a gain of 2.77% or 0.97 points. The heightened volatility saw the trading volume jump to 4,19,049 shares. Company has a market cap of $2,396 M.

On the company’s financial health, Generac Holdings reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $286.50 million for the quarter, compared to analysts expectations of $280.48 million. The company’s revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Generac Holdings. Generac Holdings was Upgraded by BofA/Merrill to ” Buy” on Mar 14, 2016.

Generac Holdings Inc. 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. Its other engine powered products that it 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 power washers for residential and commercial use. It designs manufactures sources and modifies engines alternators transfer switches and other components necessary for its products. It also sells direct to certain national and regional account customers including telecommunication retail banking convenience stores grocery stores and other light commercial applications. Its products include residential products commercial and industrial (C&I) products and other products.

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