Calamos Advisors LLC Lowers Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Calamos Advisors LLC lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,205 shares of the technology company’s stock after selling 773 shares during the quarter. Calamos Advisors LLC’s holdings in Generac were worth $7,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ninety One UK Ltd lifted its stake in shares of Generac by 13.4% in the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after buying an additional 56,169 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Generac by 273.7% in the 4th quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock worth $3,571,000 after acquiring an additional 20,240 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Generac by 13.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock valued at $10,810,000 after acquiring an additional 9,849 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Generac during the 4th quarter valued at $17,956,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Generac by 40.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 146,470 shares of the technology company’s stock worth $18,955,000 after purchasing an additional 42,208 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Price Performance

NYSE:GNRC opened at $135.15 on Friday. The business’s 50-day simple moving average is $121.21 and its two-hundred day simple moving average is $115.86. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The stock has a market cap of $8.15 billion, a PE ratio of 41.08, a P/E/G ratio of 1.79 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $1.78 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Robert W. Baird upped their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. UBS Group dropped their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Guggenheim cut shares of Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, TD Cowen dropped their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.80.

Generac Company 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.