Cwm LLC Decreases Position in Generac Holdings Inc. (NYSE:GNRC)

Cwm LLC trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRCGet Rating) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,212 shares of the technology company’s stock after selling 6,791 shares during the quarter. Cwm LLC owned approximately 0.08% of Generac worth $14,629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Redwood Investments LLC boosted its position in Generac by 40.1% during the first quarter. Redwood Investments LLC now owns 17,226 shares of the technology company’s stock worth $5,121,000 after purchasing an additional 4,929 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Generac by 10.1% during the first quarter. Congress Asset Management Co. MA now owns 505,359 shares of the technology company’s stock worth $150,223,000 after purchasing an additional 46,236 shares in the last quarter. Xponance Inc. raised its holdings in shares of Generac by 1.0% in the first quarter. Xponance Inc. now owns 10,403 shares of the technology company’s stock worth $3,092,000 after acquiring an additional 107 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of Generac by 28.6% in the first quarter. Great Valley Advisor Group Inc. now owns 5,623 shares of the technology company’s stock worth $1,679,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of Generac by 0.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 128,583 shares of the technology company’s stock worth $38,223,000 after acquiring an additional 378 shares during the last quarter. Institutional investors own 88.35% of the company’s stock.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $213.81, for a total transaction of $1,069,050.00. Following the sale, the chief executive officer now directly owns 615,975 shares in the company, valued at approximately $131,701,614.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Shares of NYSE GNRC opened at $217.51 on Friday. The stock’s 50 day moving average price is $236.11 and its two-hundred day moving average price is $279.68. Generac Holdings Inc. has a 52-week low of $197.94 and a 52-week high of $524.31. The stock has a market capitalization of $13.88 billion, a P/E ratio of 28.81, a PEG ratio of 1.91 and a beta of 1.14. The company has a quick ratio of 0.71, a current ratio of 1.70 and a debt-to-equity ratio of 0.43.

Generac (NYSE:GNRCGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.19. Generac had a return on equity of 30.22% and a net margin of 12.68%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. Generac’s revenue for the quarter was up 40.7% compared to the same quarter last year. On average, analysts anticipate that Generac Holdings Inc. will post 11.74 EPS for the current year.

A number of research firms have recently weighed in on GNRC. KeyCorp cut their price target on Generac from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. Roth Capital cut their price target on Generac from $555.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, May 24th. Wells Fargo & Company initiated coverage on Generac in a research note on Wednesday. They issued an “overweight” rating and a $285.00 target price for the company. Northland Securities initiated coverage on Generac in a research note on Wednesday, May 25th. They issued an “outperform” rating and a $370.00 target price for the company. Finally, Robert W. Baird dropped their target price on Generac from $369.00 to $298.00 and set an “outperform” rating for the company in a research note on Monday, June 13th. Two research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $437.14.

Generac Profile (Get Rating)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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