Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Telemus Capital LLC

Telemus Capital LLC lowered its holdings in Generac Holdings Inc. (NYSE:GNRC) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,439 shares of the technology company’s stock after selling 1,335 shares during the period. Telemus Capital LLC’s holdings in Generac were worth $3,029,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Duality Advisers LP purchased a new position in shares of Generac in the fourth quarter valued at $964,000. Handelsbanken Fonder AB boosted its stake in shares of Generac by 12.6% in the fourth quarter. Handelsbanken Fonder AB now owns 10,700 shares of the technology company’s stock valued at $1,383,000 after purchasing an additional 1,200 shares during the period. abrdn plc boosted its stake in shares of Generac by 64.3% in the fourth quarter. abrdn plc now owns 24,863 shares of the technology company’s stock valued at $3,213,000 after purchasing an additional 9,733 shares during the period. Martin Capital Advisors LLP purchased a new position in shares of Generac in the fourth quarter valued at $249,000. Finally, John G Ullman & Associates Inc. boosted its stake in shares of Generac by 234.3% in the fourth quarter. John G Ullman & Associates Inc. now owns 52,650 shares of the technology company’s stock valued at $6,804,000 after purchasing an additional 36,900 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the subject of several analyst reports. UBS Group decreased their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. TD Cowen reduced their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Canaccord Genuity Group increased their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Canaccord Genuity Group increased their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average price target of $140.80.

Generac Stock Down 0.8 %

GNRC stock opened at $134.12 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The firm’s 50-day simple moving average is $121.29 and its 200 day simple moving average is $116.28. The stock has a market cap of $8.08 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $1.78 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.