Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) by 55.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,566 shares of the technology company’s stock after selling 9,252 shares during the quarter. Seven Eight Capital LP’s holdings in Generac were worth $978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GNRC. Capital World Investors acquired a new position in Generac in the 4th quarter valued at about $155,707,000. Norges Bank acquired a new position in Generac in the 4th quarter valued at about $67,253,000. Ariel Investments LLC boosted its holdings in Generac by 14.9% in the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after purchasing an additional 261,050 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Generac by 42.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after purchasing an additional 194,265 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Generac by 9.9% in the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after purchasing an additional 147,523 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 sale, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 sale, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 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. In the last quarter, insiders sold 80,785 shares of company stock worth $11,688,161. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of research analyst reports. Oppenheimer downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Robert W. Baird boosted their price target 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. Citigroup boosted their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Roth Mkm boosted their price target on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, UBS Group cut their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Generac currently has a consensus rating of “Hold” and a consensus target price of $141.05.

Get Our Latest Analysis on GNRC

Generac Trading Down 1.3 %

Shares of Generac stock opened at $138.25 on Monday. The company has a fifty day simple moving average of $138.69 and a 200-day simple moving average of $126.23. 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 stock has a market cap of $8.38 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 1.89 and a beta of 1.45.

Generac (NYSE:GNRCGet Free Report) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $886.60 million. During the same quarter in the prior year, the business posted $0.63 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

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

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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