Atria Investments LLC Has $406,000 Holdings in Generac Holdings Inc. (GNRC)

Atria Investments LLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 34.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,195 shares of the technology company’s stock after selling 3,768 shares during the period. Atria Investments LLC’s holdings in Generac were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Generac by 14.5% in the 2nd quarter. BlackRock Inc. now owns 4,838,216 shares of the technology company’s stock worth $250,281,000 after acquiring an additional 614,112 shares during the period. Schroder Investment Management Group lifted its stake in Generac by 516.6% during the second quarter. Schroder Investment Management Group now owns 2,234,073 shares of the technology company’s stock valued at $81,625,000 after purchasing an additional 1,871,776 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Generac by 32.8% during the second quarter. Janus Henderson Group PLC now owns 1,874,526 shares of the technology company’s stock valued at $96,969,000 after purchasing an additional 463,226 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Generac by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,601,730 shares of the technology company’s stock valued at $82,857,000 after purchasing an additional 13,368 shares during the last quarter. Finally, Investec Asset Management LTD lifted its stake in Generac by 5.1% during the second quarter. Investec Asset Management LTD now owns 1,387,672 shares of the technology company’s stock valued at $71,784,000 after purchasing an additional 67,504 shares during the last quarter. 97.75% of the stock is owned by institutional investors.

In other news, EVP Patrick John Forsythe sold 45,150 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $57.05, for a total transaction of $2,575,807.50. Following the sale, the executive vice president now owns 25,835 shares in the company, valued at $1,473,886.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Russell S. Minick sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $54.86, for a total transaction of $493,740.00. Following the sale, the insider now owns 16,353 shares in the company, valued at approximately $897,125.58. The disclosure for this sale can be found here. Insiders have sold 114,150 shares of company stock worth $6,389,948 in the last 90 days. 3.00% of the stock is owned by company insiders.

GNRC stock opened at $55.95 on Friday. Generac Holdings Inc. has a 12 month low of $42.96 and a 12 month high of $60.70. The company has a market cap of $3.49 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.09 and a beta of 1.43. 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 earnings results on Wednesday, August 1st. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.91 by $0.20. Generac had a net margin of 11.18% and a return on equity of 46.62%. The business had revenue of $494.90 million during the quarter, compared to analyst estimates of $448.41 million. During the same period in the prior year, the business earned $0.69 earnings per share. The business’s quarterly revenue was up 25.3% on a year-over-year basis. Equities analysts predict that Generac Holdings Inc. will post 4.14 earnings per share for the current fiscal year.

Several research firms recently commented on GNRC. Goldman Sachs Group raised shares of Generac from a “sell” rating to a “neutral” rating in a research note on Thursday. KeyCorp increased their target price on shares of Generac from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, September 13th. Canaccord Genuity increased their target price on shares of Generac from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Friday, August 3rd. Finally, Stifel Nicolaus increased their target price on shares of Generac from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $56.23.

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.

Further Reading: Buyback For Investors Defined

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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