Yousif Capital Management LLC Sells 884 Shares of Generac Holdings Inc. (NYSE:GNRC)

Yousif Capital Management LLC lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,492 shares of the technology company’s stock after selling 884 shares during the period. Yousif Capital Management LLC’s holdings in Generac were worth $1,098,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GNRC. Lido Advisors LLC boosted its holdings in Generac by 2.9% in the third quarter. Lido Advisors LLC now owns 4,143 shares of the technology company’s stock valued at $451,000 after acquiring an additional 115 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of Generac by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the technology company’s stock worth $2,911,000 after buying an additional 140 shares during the period. Pinnacle Bancorp Inc. raised its stake in shares of Generac by 89.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after buying an additional 147 shares during the last quarter. Bridgecreek Investment Management LLC lifted its holdings in Generac by 0.4% in the third quarter. Bridgecreek Investment Management LLC now owns 41,260 shares of the technology company’s stock valued at $4,496,000 after buying an additional 175 shares during the period. Finally, Mcdonald Partners LLC boosted its stake in Generac by 3.9% in the third quarter. Mcdonald Partners LLC now owns 4,675 shares of the technology company’s stock valued at $509,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several recent research reports. Canaccord Genuity Group raised their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Oppenheimer boosted their target price on Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday. Roth Mkm increased their price target on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Robert W. Baird upped their target price on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $142.40.

Generac Stock Up 3.7 %

Shares of GNRC stock opened at $133.38 on Friday. The firm’s fifty day moving average price is $124.48 and its two-hundred day moving average price is $118.20. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The company has a current ratio of 2.29, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $8.06 billion, a P/E ratio of 36.74, a PEG ratio of 1.76 and a beta of 1.41.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. The business had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. Generac’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities analysts predict that Generac Holdings Inc. will post 6.09 EPS for the current fiscal year.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by insiders.

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.