Bcwm LLC Sells 15,232 Shares of Generac Holdings Inc. $GNRC

Bcwm LLC reduced its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 21.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,252 shares of the technology company’s stock after selling 15,232 shares during the quarter. Generac accounts for 2.9% of Bcwm LLC’s portfolio, making the stock its 14th biggest holding. Bcwm LLC owned about 0.10% of Generac worth $9,584,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC increased its holdings in Generac by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after buying an additional 142 shares in the last quarter. Woodline Partners LP lifted its stake in Generac by 40.9% during the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after acquiring an additional 1,463 shares during the period. ProShare Advisors LLC lifted its stake in Generac by 7.9% during the 2nd quarter. ProShare Advisors LLC now owns 12,269 shares of the technology company’s stock valued at $1,757,000 after acquiring an additional 901 shares during the period. Allworth Financial LP boosted its holdings in shares of Generac by 4.1% during the 2nd quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $392,000 after acquiring an additional 108 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Generac by 5.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 22,210 shares of the technology company’s stock valued at $3,181,000 after acquiring an additional 1,170 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer owned 137,182 shares of the company’s stock, valued at $32,321,451.02. The trade was a 15.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

Generac Stock Performance

GNRC opened at $200.59 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 74.85, a PEG ratio of 1.46 and a beta of 1.74. The company’s 50 day moving average is $191.17 and its 200 day moving average is $174.38. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $241.09.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company posted $2.80 earnings per share. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. On average, equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Guggenheim reissued a “neutral” rating and set a $202.00 price objective on shares of Generac in a report on Tuesday, February 10th. Stifel Nicolaus set a $235.00 target price on shares of Generac in a report on Thursday, February 12th. Needham & Company LLC started coverage on shares of Generac in a research report on Monday, January 12th. They issued a “buy” rating and a $211.00 target price for the company. Robert W. Baird set a $292.00 target price on shares of Generac in a research note on Thursday, February 12th. Finally, Barclays increased their price target on Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $222.06.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.