Geneva Capital Management LLC Reduces Position in Generac Holdings Inc. (NYSE:GNRC)

Geneva Capital Management LLC lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,888 shares of the technology company’s stock after selling 939 shares during the period. Geneva Capital Management LLC’s holdings in Generac were worth $3,475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GNRC. Raymond James & Associates increased its position in shares of Generac by 6.2% in the 3rd quarter. Raymond James & Associates now owns 148,479 shares of the technology company’s stock valued at $16,178,000 after acquiring an additional 8,634 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Generac by 11.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 73,797 shares of the technology company’s stock worth $8,041,000 after buying an additional 7,644 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Generac by 113.0% in the third quarter. Stratos Wealth Partners LTD. now owns 5,416 shares of the technology company’s stock valued at $590,000 after purchasing an additional 2,873 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Generac by 13,944.2% during the 3rd quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after buying an additional 295,338 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of Generac by 5.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 12,003 shares of the technology company’s stock worth $1,308,000 after purchasing an additional 665 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of NYSE GNRC traded down $1.05 during mid-day trading on Friday, hitting $138.11. The company had a trading volume of 80,108 shares, compared to its average volume of 1,078,094. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The firm has a market cap of $8.35 billion, a P/E ratio of 38.33, a PEG ratio of 1.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The business’s 50-day simple moving average is $126.55 and its 200-day simple moving average is $119.26.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same period in the previous year, the business earned $0.63 EPS. Generac’s revenue was up .2% compared to the same quarter last year. As a group, analysts predict that Generac Holdings Inc. will post 6.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the sale, the chief executive officer now owns 587,177 shares in the company, valued at approximately $82,175,421.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GNRC. Citigroup raised their price objective on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. TD Cowen dropped 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. Robert W. Baird lifted their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Roth Mkm raised their price target on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Finally, OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.40.

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.