Generac Holdings Inc. (GNRC) Holdings Cut by BlackRock Inc.

BlackRock Inc. cut its holdings in Generac Holdings Inc. (NYSE:GNRC) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,842,628 shares of the technology company’s stock after selling 29,095 shares during the quarter. BlackRock Inc. owned 7.80% of Generac worth $240,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Generac by 1.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 15,812 shares of the technology company’s stock valued at $786,000 after acquiring an additional 197 shares in the last quarter. Gagnon Securities LLC increased its holdings in shares of Generac by 1.0% during the fourth quarter. Gagnon Securities LLC now owns 28,978 shares of the technology company’s stock valued at $1,440,000 after acquiring an additional 273 shares in the last quarter. ETF Managers Group LLC increased its holdings in shares of Generac by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 2,840 shares of the technology company’s stock valued at $141,000 after acquiring an additional 387 shares in the last quarter. Enlightenment Research LLC bought a new stake in shares of Generac during the fourth quarter valued at approximately $25,000. Finally, First Hawaiian Bank increased its holdings in shares of Generac by 71.5% during the fourth quarter. First Hawaiian Bank now owns 1,403 shares of the technology company’s stock valued at $70,000 after acquiring an additional 585 shares in the last quarter. 95.57% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $53.08, for a total transaction of $1,061,600.00. Following the completion of the sale, the chief executive officer now owns 747,771 shares in the company, valued at $39,691,684.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 60,000 shares of company stock valued at $3,096,600 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

GNRC has been the subject of several recent research reports. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, February 15th. ValuEngine upgraded Generac from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Generac presently has a consensus rating of “Hold” and an average target price of $57.43.

Shares of Generac stock opened at $52.89 on Friday. Generac Holdings Inc. has a 12-month low of $43.65 and a 12-month high of $60.70. The firm has a market cap of $3.29 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.76 and a beta of 1.13. The company has a quick ratio of 1.03, a current ratio of 2.00 and a debt-to-equity ratio of 1.15.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.03. Generac had a return on equity of 44.15% and a net margin of 11.71%. The business had revenue of $563.40 million during the quarter, compared to the consensus estimate of $552.69 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. Generac’s revenue was up 14.3% compared to the same quarter last year. On average, equities analysts anticipate that Generac Holdings Inc. will post 4.59 EPS for the current year.

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Generac Company Profile

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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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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