Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC) by 12.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,000 shares of the technology company’s stock after selling 10,000 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Generac were worth $28,645,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Generac by 4.6% in the second quarter. BlackRock Inc. now owns 4,813,152 shares of the technology company’s stock valued at $1,998,180,000 after acquiring an additional 213,057 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Generac by 345.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,472,235 shares of the technology company’s stock valued at $482,083,000 after acquiring an additional 1,141,471 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Generac by 0.9% in the second quarter. Geode Capital Management LLC now owns 1,143,367 shares of the technology company’s stock valued at $473,417,000 after acquiring an additional 10,368 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Generac by 0.6% in the first quarter. UBS Asset Management Americas Inc. now owns 1,084,950 shares of the technology company’s stock valued at $355,267,000 after acquiring an additional 6,859 shares during the period. Finally, Champlain Investment Partners LLC boosted its holdings in shares of Generac by 13.7% in the second quarter. Champlain Investment Partners LLC now owns 773,355 shares of the technology company’s stock valued at $321,058,000 after acquiring an additional 92,983 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 1st. The stock was sold at an average price of $402.53, for a total value of $2,012,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on the company. Credit Suisse Group assumed coverage on Generac in a report on Friday, August 6th. They set an “outperform” rating and a $523.00 price target for the company. Zacks Investment Research downgraded Generac from a “buy” rating to a “hold” rating and set a $448.00 price target for the company. in a report on Friday, July 9th. Canaccord Genuity increased their price target on Generac from $500.00 to $515.00 and gave the stock a “buy” rating in a report on Thursday, September 30th. KeyCorp increased their price objective on Generac from $400.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, July 26th. Finally, Citigroup initiated coverage on Generac in a research report on Friday, June 25th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $441.53.

Shares of NYSE:GNRC traded up $8.49 during mid-day trading on Thursday, hitting $427.40. 3,424 shares of the company traded hands, compared to its average volume of 795,983. The firm has a market cap of $26.98 billion, a P/E ratio of 51.53, a PEG ratio of 6.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 2.02. Generac Holdings Inc. has a 52-week low of $198.85 and a 52-week high of $466.92. The firm’s 50 day simple moving average is $424.85 and its 200 day simple moving average is $382.63.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 28th. The technology company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.04. Generac had a return on equity of 39.62% and a net margin of 16.18%. The company had revenue of $919.98 million for the quarter, compared to the consensus estimate of $872.36 million. Equities research analysts expect that Generac Holdings Inc. will post 10.06 EPS for the current fiscal year.

Generac Profile

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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