5 Stocks to Buy in 2022 According to John Rogers’ Ariel Investments

2. Generac Holdings Inc. (NYSE:GNRC)

Ariel Investments stake value: $189,000

Number of Hedge Fund Holders: 34

Established in 1959, Generac Holdings Inc. (NYSE:GNRC) designs and manufactures power generation. The company offers standby generators and a wide range of clean energy products. Generac Holdings Inc. (NYSE:GNRC) was a new addition to Ariel Investments’ portfolio as the fund acquired 896 shares of the company during Q2 2022 amounting to $189,000.

Generac Holdings Inc. (NYSE:GNRC) reported solid result for Q2 2022 with revenue of $1.29 billion, up 40.37% YoY. The company posted a normalized EPS of $2.999, beating the market consensus estimate by $0.36.

At the end of Q2 2022, 34 hedge funds tracked by Insider Monkey owned stakes in Generac Holdings Inc. (NYSE:GNRC).