Ramsey Quantitative Systems cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 12.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,618 shares of the technology company’s stock after selling 952 shares during the quarter. Ramsey Quantitative Systems’ holdings in Generac were worth $373,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GNRC. Financial Gravity Wealth Inc. purchased a new position in shares of Generac in the first quarter worth $212,000. Strs Ohio increased its stake in shares of Generac by 30.0% in the second quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock worth $268,000 after buying an additional 1,200 shares during the period. We Are One Seven LLC purchased a new position in shares of Generac in the third quarter worth $287,000. Lido Advisors LLC purchased a new position in shares of Generac in the second quarter worth $301,000. Finally, Brown Advisory Inc. purchased a new position in shares of Generac in the first quarter worth $303,000. 97.74% of the stock is currently owned by hedge funds and other institutional investors.

In other Generac news, EVP Patrick John Forsythe sold 45,150 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $57.05, for a total transaction of $2,575,807.50. Following the transaction, the executive vice president now directly owns 25,835 shares of the company’s stock, valued at approximately $1,473,886.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $55.21, for a total transaction of $1,104,200.00. Following the transaction, the chief executive officer now directly owns 875,986 shares in the company, valued at $48,363,187.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,150 shares of company stock worth $6,389,948. Insiders own 3.00% of the company’s stock.

Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Generac from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Canaccord Genuity set a $54.00 target price on shares of Generac and gave the stock a “hold” rating in a research note on Tuesday, July 24th. Robert W. Baird reaffirmed a “hold” rating and issued a $54.00 target price on shares of Generac in a research note on Friday, July 20th. Zacks Investment Research downgraded shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, July 5th. Finally, KeyCorp lifted their target price on shares of Generac from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, September 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.23.

Shares of Generac stock opened at $56.30 on Thursday. The company has a current ratio of 1.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 2.10 and a beta of 1.43. Generac Holdings Inc. has a 12-month low of $42.96 and a 12-month high of $60.70.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.20. The business had revenue of $494.90 million for the quarter, compared to the consensus estimate of $448.41 million. Generac had a net margin of 11.18% and a return on equity of 46.62%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. On average, analysts forecast that Generac Holdings Inc. will post 4.13 earnings per share for the current year.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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