Generac Holdings Inc. $GNRC Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 51.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,334 shares of the technology company’s stock after selling 20,509 shares during the quarter. SG Americas Securities LLC’s holdings in Generac were worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GNRC. True Vision MN LLC raised its stake in Generac by 4.2% in the first quarter. True Vision MN LLC now owns 3,708 shares of the technology company’s stock valued at $724,000 after buying an additional 148 shares during the last quarter. Westhampton Capital LLC purchased a new stake in shares of Generac during the first quarter worth about $234,000. Polianta Ltd purchased a new stake in shares of Generac during the first quarter worth about $1,543,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Generac during the first quarter valued at about $2,206,000. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of Generac during the first quarter valued at about $19,972,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GNRC shares. TD Cowen increased their price objective on shares of Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research lowered shares of Generac from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Weiss Ratings cut shares of Generac from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Wells Fargo & Company lifted their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Canaccord Genuity Group boosted their price objective on shares of Generac from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.00.

Generac Price Performance

Shares of NYSE GNRC opened at $282.71 on Tuesday. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44. The business’s 50 day moving average price is $260.82 and its 200 day moving average price is $211.51. 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 cap of $16.64 billion, a P/E ratio of 88.62, a P/E/G ratio of 2.61 and a beta of 1.93.

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

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on 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 directly 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 document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.26, for a total transaction of $149,743.00. Following the completion of the sale, the insider directly owned 16,108 shares in the company, valued at approximately $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. 2.40% of the stock is owned by corporate insiders.

About Generac

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.