Generac Holdings Inc. $GNRC Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 90.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,531 shares of the technology company’s stock after selling 23,539 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Generac were worth $362,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Integrity Alliance LLC. purchased a new stake in shares of Generac during the first quarter worth $299,000. Amundi grew its stake in shares of Generac by 8.2% in the 1st quarter. Amundi now owns 105,038 shares of the technology company’s stock valued at $12,147,000 after buying an additional 7,923 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in Generac by 169.1% in the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock worth $2,587,000 after buying an additional 12,833 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in Generac during the second quarter valued at approximately $217,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Generac by 30.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,007 shares of the technology company’s stock valued at $7,600,000 after acquiring an additional 13,842 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Generac Stock Performance

GNRC stock opened at $160.17 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The business’s fifty day moving average is $165.45 and its 200-day moving average is $163.26. The company has a market cap of $9.40 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 1.63 and a beta of 1.82.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $2.25 earnings per share. Equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent research reports. Roth Capital set a $184.00 price objective on shares of Generac and gave the stock a “neutral” rating in a report on Thursday, October 30th. Citigroup reduced their target price on Generac from $217.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Wall Street Zen lowered shares of Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. UBS Group dropped their price objective on shares of Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Guggenheim decreased their target price on shares of Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.28.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.