Generac Holdings Inc. (NYSE:GNRC) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,720 shares of the technology company’s stock after selling 2,941 shares during the period. US Bancorp DE’s holdings in Generac were worth $4,134,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in Generac by 158.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 248 shares of the technology company’s stock worth $27,000 after acquiring an additional 152 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in Generac by 85.7% during the 2nd quarter. Zions Bancorporation N.A. now owns 182 shares of the technology company’s stock worth $27,000 after acquiring an additional 84 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Generac during the 1st quarter worth $28,000. Castleview Partners LLC acquired a new position in Generac during the 1st quarter worth $30,000. Finally, Cambridge Trust Co. boosted its holdings in shares of Generac by 50.0% in the 1st quarter. Cambridge Trust Co. now owns 300 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the period. 87.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $95.26, for a total value of $476,300.00. Following the sale, the chief executive officer now directly owns 592,690 shares in the company, valued at approximately $56,459,649.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Rajendra Kumar Kanuru sold 250 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $108.24, for a total transaction of $27,060.00. Following the sale, the executive vice president now owns 15,868 shares in the company, valued at $1,717,552.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $95.26, for a total transaction of $476,300.00. Following the sale, the chief executive officer now owns 592,690 shares in the company, valued at approximately $56,459,649.40. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock worth $1,675,768 in the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on GNRC shares. Oppenheimer decreased their price target on shares of Generac from $145.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Scotiabank decreased their price target on shares of Generac from $165.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, September 22nd. Guggenheim raised shares of Generac from a “neutral” rating to a “buy” rating and set a $142.00 price target for the company in a report on Friday, November 3rd. CL King started coverage on shares of Generac in a report on Monday, July 24th. They issued a “buy” rating and a $178.00 price target for the company. Finally, StockNews.com started coverage on shares of Generac in a report on Thursday, October 5th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average price target of $139.82.

Generac Stock Down 0.1 %

GNRC stock opened at $113.95 on Tuesday. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 2.07 and a beta of 1.31. The firm’s 50-day moving average is $102.42 and its two-hundred day moving average is $116.81. The company has a current ratio of 2.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, November 1st. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. Generac had a net margin of 4.72% and a return on equity of 13.73%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $1.75 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts forecast that Generac Holdings Inc. will post 5.35 earnings per share for the current fiscal year.

Generac Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.