Generac Holdings Inc. $GNRC Stock Position Reduced by Sei Investments Co.

Sei Investments Co. lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 22.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 35,569 shares of the technology company’s stock after selling 10,072 shares during the quarter. Sei Investments Co.’s holdings in Generac were worth $6,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac during the 3rd quarter valued at $26,000. Avalon Trust Co acquired a new position in shares of Generac in the first quarter worth $32,000. MUFG Securities EMEA plc purchased a new stake in shares of Generac during the second quarter worth $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Generac during the first quarter worth $36,000. Finally, Root Financial Partners LLC boosted its position in Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Up 2.2%

Shares of NYSE:GNRC opened at $201.48 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $11.86 billion, a PE ratio of 46.42, a P/E/G ratio of 1.76 and a beta of 1.92. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm has a fifty day moving average price of $249.22 and a 200 day moving average price of $225.16.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Generac Holdings Inc. will post 9.32 EPS for the current fiscal year.

Insider Transactions at Generac

In other news, insider Norman P. Taffe sold 550 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $256.00, for a total transaction of $140,800.00. Following the transaction, the insider owned 15,808 shares of the company’s stock, valued at approximately $4,046,848. This represents a 3.36% decrease in their position. The sale was disclosed in a legal 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 firm’s stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,100 shares of company stock worth $1,651,443. 2.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent research reports. Citigroup boosted their target price on Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Generac in a report on Wednesday, June 3rd. Weiss Ratings cut Generac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Stifel Nicolaus increased their price objective on Generac from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Research downgraded Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average target price of $284.58.

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.