Calamos Advisors LLC Has $6.97 Million Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Calamos Advisors LLC lowered its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,997 shares of the technology company's stock after selling 4,678 shares during the period. Calamos Advisors LLC owned 0.09% of Generac worth $6,965,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GNRC. Norges Bank bought a new position in shares of Generac in the fourth quarter valued at approximately $90,913,000. Boston Partners raised its position in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after purchasing an additional 533,612 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Generac by 81.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Forest Avenue Capital Management LP bought a new position in Generac in the 4th quarter worth approximately $49,313,000. Finally, Raymond James Financial Inc. acquired a new stake in Generac during the 4th quarter worth $46,785,000. Institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the transaction, the chief executive officer owned 562,966 shares in the company, valued at $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GNRC shares. Canaccord Genuity Group cut their price objective on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. TD Securities dropped their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Wells Fargo & Company decreased their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Finally, Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Generac presently has a consensus rating of "Moderate Buy" and an average price target of $169.17.

Generac Trading Down 0.8%

Shares of NYSE:GNRC traded down $1.25 during mid-day trading on Monday, reaching $151.12. 161,171 shares of the company's stock were exchanged, compared to its average volume of 885,662. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.37 and a beta of 1.72. The business's fifty day moving average price is $127.72 and its 200-day moving average price is $134.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. The company had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.68% and a return on equity of 18.90%. Generac's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.