Corient Private Wealth LLC Has $3.75 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Corient Private Wealth LLC increased its position in Generac Holdings Inc. (NYSE:GNRCFree Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,002 shares of the technology company’s stock after buying an additional 558 shares during the quarter. Corient Private Wealth LLC’s holdings in Generac were worth $3,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Ieq Capital LLC increased its holdings in Generac by 8.6% in the third quarter. Ieq Capital LLC now owns 3,726 shares of the technology company’s stock valued at $406,000 after purchasing an additional 294 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Generac by 11.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,712 shares of the technology company’s stock worth $6,833,000 after acquiring an additional 6,683 shares during the period. Jump Financial LLC bought a new stake in Generac in the third quarter valued at approximately $1,611,000. Metis Global Partners LLC increased its position in Generac by 19.8% during the 3rd quarter. Metis Global Partners LLC now owns 2,265 shares of the technology company’s stock valued at $247,000 after purchasing an additional 375 shares during the period. Finally, Impax Asset Management Group plc raised its holdings in Generac by 3.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company’s stock worth $127,151,000 after purchasing an additional 37,846 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Generac news, EVP Erik Wilde sold 4,384 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now owns 587,177 shares in the company, valued at $82,175,421.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,785 shares of company stock worth $11,688,161. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on GNRC. Roth Mkm increased their price objective on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Robert W. Baird increased their price target on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Oppenheimer downgraded Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Truist Financial raised their target price on Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Citigroup increased their price target on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $142.15.

Check Out Our Latest Analysis on Generac

Generac Price Performance

Shares of NYSE:GNRC opened at $151.26 on Wednesday. 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 0.97 and a debt-to-equity ratio of 0.61. The stock has a market cap of $9.17 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 2.04 and a beta of 1.41. The stock’s fifty day simple moving average is $134.35 and its two-hundred day simple moving average is $124.09.

Generac (NYSE:GNRCGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business had revenue of $889.27 million during the quarter, compared to the consensus estimate of $886.60 million. During the same period in the prior year, the firm posted $0.63 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

Generac Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter.