Generac Holdings Inc. (NYSE:GNRC) Holdings Decreased by Calamos Advisors LLC

Calamos Advisors LLC reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hurley Capital LLC purchased a new position in Generac during the fourth quarter worth approximately $26,000. Quadrant Capital Group LLC increased its holdings in shares of Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after buying an additional 87 shares during the last quarter. Private Trust Co. NA raised its position in shares of Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after buying an additional 90 shares during the period. Ostrum Asset Management purchased a new stake in Generac during the fourth quarter valued at about $50,000. Finally, Wintrust Investments LLC increased its stake in Generac by 55.1% during the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock worth $66,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC stock traded down $3.87 on Monday, hitting $148.50. 1,152,987 shares of the stock traded hands, compared to its average volume of 866,254. The company's fifty day moving average is $128.43 and its 200 day moving average is $134.33. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a market capitalization of $8.77 billion, a PE ratio of 19.89, a PEG ratio of 1.37 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird decreased their target price on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. TD Securities dropped their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Canaccord Genuity Group reduced their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stephens reiterated an "overweight" rating and issued a $175.00 price target on shares of Generac in a report on Tuesday, May 27th. Finally, Bank of America started coverage on Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $169.17.

Insider Activity

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

Generac Company Profile

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.