Geneva Capital Management LLC Has $3.33 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Geneva Capital Management LLC lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,418 shares of the technology company’s stock after selling 470 shares during the quarter. Geneva Capital Management LLC’s holdings in Generac were worth $3,332,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital World Investors acquired a new stake in Generac during the fourth quarter valued at $155,707,000. Norges Bank bought a new stake in shares of Generac in the 4th quarter valued at approximately $67,253,000. Wellington Management Group LLP increased its holdings in Generac by 432.9% in the fourth quarter. Wellington Management Group LLP now owns 392,270 shares of the technology company’s stock worth $50,697,000 after buying an additional 318,664 shares during the last quarter. DAVENPORT & Co LLC raised its position in Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after acquiring an additional 214,322 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Generac during the fourth quarter valued at approximately $17,956,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the sale, the chief executive officer now owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares in the company, valued at $76,989,640.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Erik Wilde sold 4,384 shares of Generac stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the completion of the transaction, the executive vice president now directly owns 17,897 shares of the company’s stock, valued at $2,756,853.88. The disclosure for this sale can be found here. Insiders have sold a total of 80,785 shares of company stock worth $11,720,411 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Generac Price Performance

Shares of GNRC stock traded up $6.30 during trading hours on Thursday, hitting $148.42. The company had a trading volume of 982,296 shares, compared to its average volume of 999,390. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 1.93 and a beta of 1.37. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The firm’s fifty day moving average is $140.70 and its 200 day moving average is $128.73.

Generac (NYSE:GNRC) last released its quarterly earnings data 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. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. During the same period in the prior year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Generac Holdings Inc. will post 6.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GNRC. StockNews.com lowered shares of Generac from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Canaccord Genuity Group boosted 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. Roth Mkm boosted their target price on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Canaccord Genuity Group lifted their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Guggenheim downgraded shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 price objective for the company. in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $141.67.

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.