Generac Holdings Inc. $GNRC Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC cut its holdings in Generac Holdings Inc. (NYSE:GNRC) by 18.4% in the first quarter, HoldingsChannel reports. The firm owned 47,826 shares of the technology company’s stock after selling 10,755 shares during the period. Generac accounts for approximately 2.6% of Oak Family Advisors LLC’s portfolio, making the stock its 7th biggest holding. Oak Family Advisors LLC’s holdings in Generac were worth $9,342,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Generac during the third quarter valued at about $26,000. MUFG Securities EMEA plc bought a new position in shares of Generac in the 2nd quarter valued at approximately $25,000. Quarry LP boosted its position in Generac by 66.2% during the third quarter. Quarry LP now owns 399 shares of the technology company’s stock worth $67,000 after purchasing an additional 159 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in Generac during the third quarter valued at approximately $67,000. Finally, IFP Advisors Inc raised its position in shares of Generac by 33.8% in the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock valued at $59,000 after purchasing an additional 110 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Up 3.5%

GNRC opened at $284.08 on Thursday. The company has a market capitalization of $16.72 billion, a P/E ratio of 89.05, a P/E/G ratio of 2.57 and a beta of 1.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The firm’s fifty day moving average price is $256.15 and its two-hundred day moving average price is $208.91. Generac Holdings Inc. has a fifty-two week low of $134.55 and a fifty-two week high of $296.03.

Generac (NYSE:GNRC) last announced 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. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 EPS. On average, analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the subject of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $290.00 price objective on shares of Generac in a report on Thursday, May 21st. Robert W. Baird set a $311.00 target price on shares of Generac in a research report on Thursday, April 30th. Roth Mkm restated a “neutral” rating and set a $257.00 price target on shares of Generac in a report on Thursday, April 30th. Stifel Nicolaus set a $275.00 price objective on Generac in a research note on Thursday, April 30th. Finally, Weiss Ratings cut Generac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $278.65.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, the chief executive officer owned 564,528 shares in the company, valued at $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the sale, the insider directly owned 16,108 shares in the company, valued at $4,385,564.08. The trade was a 3.30% 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. Insiders own 2.40% of the company’s stock.

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.