Ws Management Lllp Lowers stake in Generac Holdings (GNRC)

Generac Holdings (GNRC) : Ws Management Lllp reduced its stake in Generac Holdings by 1.16% during the most recent quarter end. The investment management company now holds a total of 1,727,176 shares of Generac Holdings which is valued at $61,729,270 after selling 20,200 shares in Generac Holdings , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Generac Holdings makes up approximately 2.60% of Ws Management Lllp’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management reduced its stake in GNRC by selling 55,675 shares or 11.9% in the most recent quarter. The Hedge Fund company now holds 412,249 shares of GNRC which is valued at $14,733,779. Generac Holdings makes up approx 0.28% of Kennedy Capital Management’s portfolio. Raymond James Associates added GNRC to its portfolio by purchasing 5,836 company shares during the most recent quarter which is valued at $208,579.Dorsey Whitney Trust Co boosted its stake in GNRC in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 17,648 shares of Generac Holdings which is valued at $630,740. Generac Holdings makes up approx 0.14% of Dorsey Whitney Trust Co’s portfolio.Rpg Investment Advisory boosted its stake in GNRC in the latest quarter, The investment management firm added 19,691 additional shares and now holds a total of 39,648 shares of Generac Holdings which is valued at $1,431,293. Generac Holdings makes up approx 0.36% of Rpg Investment Advisory’s portfolio.

Generac Holdings (GNRC) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $37.15 and reached the intraday high at $37.33. The bulls started the profit booking and pushed the shares to intraday low of $36.96. The trading session was marked by a volume range of 2,83,164 shares exchanging hands. The 52-week high of the shares is $39.59 and the 52-week low is $26.29. The market cap of the company stands at $2,447 M and there are 6,58,64,979 shares in public circulation.

On the company’s financial health, Generac Holdings reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.60. The company had revenue of $367.40 million for the quarter, compared to analysts expectations of $355.02 million. The company’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Generac Holdings. Generac Holdings was Downgraded by BofA/Merrill to ” Neutral” on Aug 1, 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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