Generac Holdings Inc. $GNRC Shares Sold by Skylands Capital LLC

Skylands Capital LLC cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 39.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,160 shares of the technology company’s stock after selling 15,425 shares during the period. Skylands Capital LLC’s holdings in Generac were worth $4,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GNRC. Sentry Investment Management LLC boosted its position in Generac by 69.8% during the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. First Horizon Corp acquired a new position in shares of Generac during the 3rd quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new position in shares of Generac during the 2nd quarter valued at approximately $25,000. Quent Capital LLC acquired a new stake in Generac in the 3rd quarter valued at $41,000. Finally, Red Tortoise LLC purchased a new stake in Generac in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GNRC shares. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective for the company in a research report on Thursday, January 8th. Wells Fargo & Company set a $195.00 price target on shares of Generac in a research report on Friday, December 19th. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective on the stock in a report on Monday, December 8th. UBS Group cut their price objective on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Roth Mkm set a $184.00 target price on Generac and gave the company a “neutral” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.29.

Generac Trading Down 2.0%

Shares of Generac stock opened at $182.18 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $158.09 and its 200-day simple moving average is $169.41. The stock has a market cap of $10.69 billion, a P/E ratio of 34.70, a P/E/G ratio of 1.50 and a beta of 1.85. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.19). Generac had a return on equity of 17.63% and a net margin of 6.92%. Analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.