BlueMountain Capital Management LLC lessened its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 33.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,381 shares of the technology company’s stock after selling 9,627 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Generac were worth $1,003,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Stevens Capital Management LP acquired a new position in shares of Generac in the 1st quarter valued at about $213,000. Financial Gravity Wealth Inc. acquired a new position in shares of Generac in the 1st quarter valued at about $212,000. Strs Ohio lifted its holdings in shares of Generac by 30.0% in the 2nd quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock valued at $268,000 after buying an additional 1,200 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in shares of Generac in the 1st quarter valued at about $242,000. Finally, Alambic Investment Management L.P. acquired a new position in shares of Generac in the 1st quarter valued at about $266,000. Institutional investors and hedge funds own 97.82% of the company’s stock.
In related news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $54.70, for a total value of $1,094,000.00. Following the completion of the transaction, the chief executive officer now owns 843,971 shares of the company’s stock, valued at approximately $46,165,213.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Russell S. Minick sold 9,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $54.86, for a total value of $493,740.00. Following the completion of the transaction, the insider now directly owns 16,353 shares of the company’s stock, valued at approximately $897,125.58. The disclosure for this sale can be found here. Insiders sold a total of 69,000 shares of company stock valued at $3,718,740 in the last ninety days. 3.00% of the stock is currently owned by insiders.
NYSE GNRC opened at $57.66 on Friday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. Generac Holdings Inc. has a twelve month low of $42.88 and a twelve month high of $60.70. The company has a quick ratio of 0.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.47.
Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.20. The company had revenue of $494.90 million during the quarter, compared to analysts’ expectations of $448.41 million. Generac had a return on equity of 46.62% and a net margin of 11.18%. Generac’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. equities research analysts expect that Generac Holdings Inc. will post 4.11 EPS for the current year.
Several equities analysts have recently issued reports on GNRC shares. Zacks Investment Research cut Generac from a “buy” rating to a “hold” rating in a report on Thursday, July 5th. Robert W. Baird cut Generac from an “outperform” rating to a “neutral” rating and set a $60.00 price objective for the company. in a report on Thursday, May 24th. KeyCorp reaffirmed an “overweight” rating and issued a $62.00 price target (up previously from $60.00) on shares of Generac in a report on Thursday. Canaccord Genuity set a $54.00 price target on Generac and gave the stock a “hold” rating in a report on Tuesday, July 24th. Finally, Goldman Sachs Group cut Generac from a “neutral” rating to a “sell” rating and set a $49.00 price target for the company. in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $56.23.
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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