Russell Investments Group Ltd. Sells 13,052 Shares of Generac Holdings Inc. $GNRC

Russell Investments Group Ltd. reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 48.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,974 shares of the technology company’s stock after selling 13,052 shares during the period. Russell Investments Group Ltd.’s holdings in Generac were worth $2,001,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock worth $878,053,000 after buying an additional 137,363 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Generac by 10.1% in the 1st quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock worth $204,651,000 after acquiring an additional 148,551 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Generac by 25.3% in the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock worth $179,148,000 after acquiring an additional 285,388 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Generac by 18.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company’s stock valued at $108,914,000 after acquiring an additional 131,460 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Generac by 4.8% during the 1st quarter. Northern Trust Corp now owns 588,771 shares of the technology company’s stock valued at $74,568,000 after purchasing an additional 26,980 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Down 2.4%

NYSE GNRC opened at $160.17 on Wednesday. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.63 and a beta of 1.82. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. 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 business’s fifty day moving average is $165.45 and its 200-day moving average is $163.26.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). The company had revenue of $1.11 billion for 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%. Generac’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS. Equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value 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. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

GNRC has been the topic of a number of recent research reports. UBS Group dropped their target price on Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Zacks Research raised Generac from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. 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. Barclays upped their target price on shares of Generac from $188.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.28.

Generac Profile

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.