Franklin Resources Inc. Has $1.88 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Franklin Resources Inc. decreased its stake in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) by 15.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,564 shares of the technology company’s stock after selling 2,620 shares during the quarter. Franklin Resources Inc.’s holdings in Generac were worth $1,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Metis Global Partners LLC grew its position in Generac by 19.8% in 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. Kestra Private Wealth Services LLC grew its position in Generac by 15.5% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 8,525 shares of the technology company’s stock valued at $929,000 after purchasing an additional 1,145 shares during the period. Alpine Woods Capital Investors LLC acquired a new stake in Generac in the 3rd quarter valued at $2,615,000. Stiles Financial Services Inc grew its position in Generac by 12.8% in the 3rd quarter. Stiles Financial Services Inc now owns 10,111 shares of the technology company’s stock valued at $1,102,000 after purchasing an additional 1,147 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in Generac in the 3rd quarter valued at $1,362,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Down 4.0 %

Shares of NYSE GNRC opened at $141.32 on Tuesday. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month 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 firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 2.02 and a beta of 1.45. The business has a 50-day moving average of $137.43 and a 200-day moving average of $125.49.

Generac (NYSE:GNRCGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million during 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 previous year, the firm earned $0.63 earnings per share. Sell-side analysts expect that Generac Holdings Inc. will post 6.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares in the company, valued at approximately $2,889,027. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares in the company, valued at approximately $2,889,027. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Erik Wilde sold 4,384 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total value of $675,311.36. Following the completion of the sale, the executive vice president now owns 17,897 shares of the company’s stock, valued at approximately $2,756,853.88. The disclosure for this sale can be found here. Insiders sold 80,785 shares of company stock worth $11,688,161 in the last quarter. 2.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GNRC. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $149.00 price target on shares of Generac in a research report on Thursday, May 23rd. Truist Financial raised their price objective on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Finally, Roth Mkm raised their price objective on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.05.

Get Our Latest Research Report on GNRC

Generac 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.

See Also

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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