Corient Private Wealth LLC Has $2.79 Million Stake in Generac Holdings Inc. $GNRC

Corient Private Wealth LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,401 shares of the technology company’s stock after selling 2,361 shares during the period. Corient Private Wealth LLC’s holdings in Generac were worth $2,785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Generac in the 3rd quarter valued at $26,000. MUFG Securities EMEA plc acquired a new position in shares of Generac in the second quarter worth approximately $25,000. Quarry LP boosted its stake in shares of Generac by 66.2% in the 3rd quarter. Quarry LP now owns 399 shares of the technology company’s stock valued at $67,000 after purchasing an additional 159 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in Generac during the third quarter valued at $67,000. Finally, IFP Advisors Inc grew its stake in Generac by 33.8% during the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after purchasing an additional 110 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction of $149,743.00. Following the transaction, the insider directly owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This trade represents a 3.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 that occurred 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 completion of the sale, the chief executive officer owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. The trade was a 0.88% 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. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Robert W. Baird set a $311.00 target price on shares of Generac in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Stephens reaffirmed an “overweight” rating and set a $290.00 price objective on shares of Generac in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.65.

Generac Price Performance

Shares of NYSE:GNRC opened at $279.28 on Monday. 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 market capitalization of $16.44 billion, a PE ratio of 87.55, a P/E/G ratio of 2.61 and a beta of 1.93. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The company has a 50-day moving average price of $259.31 and a two-hundred day moving average price of $210.65.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $1.26 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current year.

Generac 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.