Radnor Capital Management LLC Sells 3,738 Shares of Generac Holdings Inc. $GNRC

Radnor Capital Management LLC lowered its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 49.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,875 shares of the technology company’s stock after selling 3,738 shares during the quarter. Radnor Capital Management LLC’s holdings in Generac were worth $802,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GNRC. Root Financial Partners LLC lifted its position in Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after buying an additional 54 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Generac by 1.5% in the third quarter. Contravisory Investment Management Inc. now owns 4,027 shares of the technology company’s stock valued at $833,000 after purchasing an additional 58 shares during the period. Essential Partners LLC boosted its holdings in Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares during the period. Oarsman Capital Inc. grew its holdings in Generac by 4.3% in the 2nd quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company’s stock valued at $437,000 after buying an additional 61 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in Generac by 6.2% during the 3rd quarter. Wedbush Securities Inc. now owns 1,049 shares of the technology company’s stock valued at $217,000 after purchasing an additional 61 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Norman P. Taffe sold 150 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $220.00, for a total value of $33,000.00. Following the completion of the sale, the insider owned 10,976 shares in the company, valued at approximately $2,414,720. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $212.57, for a total value of $128,179.71. Following the transaction, the insider directly owned 9,966 shares in the company, valued at $2,118,472.62. The trade was a 5.71% decrease in their position. 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 sold a total of 18,442 shares of company stock valued at $3,656,537 over the last 90 days. Insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. DA Davidson set a $333.00 target price on Generac in a research note on Thursday, July 30th. Needham & Company LLC reiterated a “buy” rating and issued a $283.00 price objective on shares of Generac in a research report on Thursday, September 17th. Cantor Fitzgerald reduced their price objective on shares of Generac from $333.00 to $297.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, Wall Street Zen downgraded shares of Generac from a “strong-buy” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus price target of $289.45.

Generac Price Performance

GNRC opened at $187.21 on Friday. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The company’s 50-day simple moving average is $200.21 and its two-hundred day simple moving average is $226.82. The stock has a market capitalization of $11.05 billion, a P/E ratio of 43.14, a P/E/G ratio of 1.60 and a beta of 1.91.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%. Generac’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 earnings per share. As a group, analysts predict that Generac Holdings Inc. will post 9.74 EPS for the current year.

About Generac

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.