IPG Investment Advisors LLC lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) by 59.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,802 shares of the technology company’s stock after selling 11,276 shares during the period. IPG Investment Advisors LLC’s holdings in Generac were worth $2,285,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of GNRC. Nicollet Investment Management Inc. lifted its holdings in Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock valued at $1,055,000 after buying an additional 50 shares during the period. Root Financial Partners LLC grew its stake in Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 54 shares during the period. Gen Wealth Partners Inc grew its stake in Generac by 8.7% during the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock worth $92,000 after purchasing an additional 54 shares during the period. Meridian Financial Partners LLC increased its holdings in Generac by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock worth $1,371,000 after purchasing an additional 61 shares in the last quarter. Finally, Essential Partners LLC increased its holdings in Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.
Insider Activity at Generac
In other Generac news, insider Kyle Raabe sold 586 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the transaction, the insider owned 10,746 shares in the company, valued at $2,292,659.10. This represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total transaction of $911,050.00. Following the completion of the transaction, the chief executive officer directly owned 549,528 shares in the company, valued at $100,129,496.88. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 12,086 shares of company stock valued at $2,347,160. 2.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Report on GNRC
Generac Stock Performance
Shares of Generac stock opened at $186.45 on Thursday. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $210.46 and a 200-day moving average price of $228.58. The company has a market cap of $11.00 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 1.62 and a beta of 1.91.
Generac (NYSE:GNRC – Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Equities analysts anticipate that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.
Generac Company 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.
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