Rockefeller Capital Management L.P. Has $3.13 Million Stake in Generac Holdings Inc. $GNRC

Rockefeller Capital Management L.P. increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 53.8% during the 4th quarter, Holdings Channel reports. The fund owned 22,951 shares of the technology company’s stock after buying an additional 8,026 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Generac were worth $3,130,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Generac during the 3rd quarter worth approximately $26,000. MUFG Securities EMEA plc acquired a new stake in shares of Generac during the second quarter worth $25,000. Quarry LP lifted its position in Generac by 66.2% in the 3rd quarter. Quarry LP now owns 399 shares of the technology company’s stock valued at $67,000 after acquiring an additional 159 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Generac in the 3rd quarter worth $67,000. Finally, IFP Advisors Inc boosted its stake in Generac by 33.8% in the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after purchasing an additional 110 shares during the period. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $279.28 on Monday. The firm has a market capitalization of $16.44 billion, a P/E ratio of 87.55, a price-to-earnings-growth ratio of 2.61 and a beta of 1.93. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $259.31 and its two-hundred day moving average price is $210.65. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. As a group, research analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current year.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the transaction, the chief executive officer owned 564,528 shares of the company’s stock, valued at $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the sale, the insider owned 16,108 shares in the company, valued at $4,385,564.08. This represents a 3.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GNRC shares. Zacks Research downgraded Generac from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. TD Cowen increased their price objective on Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $311.00 target price on Generac in a research report on Thursday, April 30th. Raymond James Financial set a $302.00 target price on Generac in a research report on Friday, May 22nd. Finally, Barclays upped their price target on Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $278.65.

Generac Company 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.