Energy Income Partners LLC Lowers Position in Generac Holdings Inc. $GNRC

Energy Income Partners LLC trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) by 42.6% during the 1st quarter, Holdings Channel reports. The fund owned 303,046 shares of the technology company’s stock after selling 225,285 shares during the period. Energy Income Partners LLC’s holdings in Generac were worth $59,194,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in shares of Generac by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after purchasing an additional 142 shares during the period. Woodline Partners LP increased its holdings in Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after buying an additional 1,463 shares during the period. First Trust Advisors LP increased its holdings in Generac by 27.6% during the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock valued at $14,507,000 after buying an additional 21,908 shares during the period. Cerity Partners LLC raised its stake in Generac by 1.6% in the second quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after buying an additional 816 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Generac by 8.6% in the second quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock worth $14,929,000 after buying an additional 8,213 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the transaction, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $256.00, for a total value of $140,800.00. Following the transaction, the insider owned 15,808 shares in the company, valued at approximately $4,046,848. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,100 shares of company stock valued at $1,651,443 in the last three months. Insiders own 2.40% of the company’s stock.

Generac Trading Down 2.4%

NYSE:GNRC opened at $197.06 on Tuesday. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 61.78, a PEG ratio of 1.89 and a beta of 1.89. 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 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $255.16 and a 200 day moving average of $223.59.

Generac (NYSE:GNRCGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the topic of several recent research reports. Stephens reaffirmed an “overweight” rating and set a $290.00 target price on shares of Generac in a research report on Thursday, May 21st. Zacks Research lowered Generac from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Roth Capital restated a “neutral” rating and set a $257.00 price objective on shares of Generac in a research note on Thursday, April 30th. UBS Group raised their price objective on Generac from $305.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $286.44.

View Our Latest Research Report on Generac

About Generac

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding GNRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Generac Holdings Inc. (NYSE:GNRCFree Report).

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.