Generac Holdings Inc. $GNRC Holdings Trimmed by Mairs & Power Inc.

Mairs & Power Inc. cut its holdings in Generac Holdings Inc. (NYSE:GNRC) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,761 shares of the technology company’s stock after selling 14,856 shares during the quarter. Mairs & Power Inc. owned about 0.20% of Generac worth $19,546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Militia Capital Partners LP bought a new stake in shares of Generac in the 3rd quarter worth approximately $1,674,000. Mercer Global Advisors Inc. ADV boosted its holdings in Generac by 110.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 9,906 shares of the technology company’s stock worth $1,658,000 after buying an additional 5,194 shares in the last quarter. Lighthouse Investment Partners LLC boosted its holdings in Generac by 556.7% during the third quarter. Lighthouse Investment Partners LLC now owns 51,903 shares of the technology company’s stock worth $8,689,000 after buying an additional 43,999 shares in the last quarter. Gotham Asset Management LLC grew its position in Generac by 1.4% in the third quarter. Gotham Asset Management LLC now owns 239,173 shares of the technology company’s stock worth $40,038,000 after buying an additional 3,353 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Generac by 631.0% in the third quarter. Focus Partners Wealth now owns 55,043 shares of the technology company’s stock valued at $9,210,000 after buying an additional 47,513 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

Generac Trading Up 0.9%

Generac stock opened at $202.36 on Tuesday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $241.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 75.51, a P/E/G ratio of 1.46 and a beta of 1.74. The company has a 50 day moving average price of $192.25 and a 200 day moving average price of $174.40.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.20). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. Generac’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm earned $2.80 earnings per share. Research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GNRC. TD Cowen increased their price objective on Generac from $220.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Roth Mkm restated a “neutral” rating and issued a $220.00 target price on shares of Generac in a report on Thursday, February 12th. Citigroup lowered Generac from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $207.00 to $237.00 in a research report on Thursday, March 12th. UBS Group reaffirmed a “buy” rating and set a $270.00 target price on shares of Generac in a report on Friday, February 13th. Finally, Robert W. Baird set a $292.00 price target on Generac in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $222.06.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.