Generac Holdings Inc. $GNRC Shares Sold by Leonteq Securities AG

Leonteq Securities AG trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 31.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,744 shares of the technology company’s stock after selling 2,211 shares during the quarter. Leonteq Securities AG’s holdings in Generac were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its holdings in Generac by 49.9% in the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after purchasing an additional 806,430 shares during the period. State Street Corp raised its holdings in shares of Generac by 2.1% during the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after purchasing an additional 45,592 shares during the period. Boston Partners raised its holdings in shares of Generac by 7.1% during the third quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock worth $326,003,000 after purchasing an additional 128,439 shares during the period. Geode Capital Management LLC lifted its position in shares of Generac by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock worth $202,943,000 after buying an additional 6,332 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Generac by 20.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company’s stock valued at $184,870,000 after buying an additional 189,457 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Argus boosted their price objective on shares of Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Citigroup lifted their target price on Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating on shares of Generac in a report on Tuesday, June 2nd. Canaccord Genuity Group increased their price target on Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Roth Mkm reissued a “neutral” rating and issued a $257.00 price target on shares of Generac in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.18.

Generac Stock Up 0.2%

GNRC stock opened at $253.04 on Friday. The stock has a market cap of $14.90 billion, a PE ratio of 79.32, a price-to-earnings-growth ratio of 2.36 and a beta of 1.89. The firm’s 50-day simple moving average is $265.08 and its 200 day simple moving average is $214.05. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $1.26 EPS. Generac’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current year.

Insider Buying and Selling

In related news, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the sale, the insider directly owned 16,108 shares in the company, valued at $4,385,564.08. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the sale, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.40% of the company’s stock.

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.