111 Capital Reduces Stake in Generac Holdings Inc. $GNRC

111 Capital lowered its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 59.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,101 shares of the technology company’s stock after selling 3,022 shares during the period. 111 Capital’s holdings in Generac were worth $287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meridian Financial Partners LLC grew its position in Generac by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock worth $1,371,000 after buying an additional 61 shares in the last quarter. Sentry Investment Management LLC raised its holdings in shares of Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Argent Trust Co boosted its position in shares of Generac by 2.3% during the 3rd quarter. Argent Trust Co now owns 3,272 shares of the technology company’s stock valued at $548,000 after acquiring an additional 73 shares during the last quarter. NewEdge Advisors LLC raised its stake in Generac by 2.7% in the third quarter. NewEdge Advisors LLC now owns 2,749 shares of the technology company’s stock valued at $460,000 after purchasing an additional 73 shares in the last quarter. Finally, Vident Advisory LLC grew its position in Generac by 2.9% in the third quarter. Vident Advisory LLC now owns 2,651 shares of the technology company’s stock worth $444,000 after acquiring an additional 74 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird set a $311.00 price objective on Generac in a report on Thursday, April 30th. Canaccord Genuity Group raised their price objective on Generac from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 30th. UBS Group upped their price objective on shares of Generac from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Generac in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.88.

Generac Stock Performance

Generac stock opened at $261.39 on Monday. The firm has a 50-day moving average of $237.45 and a 200-day moving average of $197.95. The firm has a market cap of $15.39 billion, a P/E ratio of 81.94, a P/E/G ratio of 2.45 and a beta of 1.93. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 1-year low of $123.66 and a 1-year high of $294.18.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $1.26 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Sell-side analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the sale, the chief executive officer owned 564,528 shares in the company, valued at $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by insiders.

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.