Generac Holdings Inc. $GNRC Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 62.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,259 shares of the technology company’s stock after selling 153,247 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.16% of Generac worth $15,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MUFG Securities EMEA plc acquired a new stake in shares of Generac during the second quarter worth about $25,000. First Horizon Corp acquired a new position in shares of Generac in the third quarter valued at approximately $28,000. Sentry Investment Management LLC increased its stake in Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares during the period. Quent Capital LLC purchased a new stake in Generac during the 3rd quarter worth approximately $41,000. Finally, Red Tortoise LLC acquired a new stake in Generac during the 3rd quarter worth approximately $42,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the sale, the chief financial officer directly owned 137,182 shares in the company, valued at $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on GNRC shares. Wells Fargo & Company raised their price target on shares of Generac from $185.00 to $234.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Guggenheim reiterated a “neutral” rating and issued a $202.00 price objective on shares of Generac in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. Canaccord Genuity Group set a $275.00 target price on Generac in a research note on Thursday, February 12th. Finally, Needham & Company LLC assumed coverage on Generac in a report on Monday, January 12th. They set a “buy” rating and a $211.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $222.06.

Generac Trading Down 1.7%

NYSE GNRC opened at $200.59 on Friday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $241.09. The firm has a 50 day moving average of $191.17 and a two-hundred day moving average of $174.38. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $11.77 billion, a PE ratio of 74.85, a price-to-earnings-growth ratio of 1.46 and a beta of 1.74.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. Generac’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.80 earnings per share. As a group, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.