Crossmark Global Holdings Inc. Sells 6,661 Shares of Generac Holdings Inc. (NYSE:GNRC)

Crossmark Global Holdings Inc. trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 74.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,299 shares of the technology company's stock after selling 6,661 shares during the period. Crossmark Global Holdings Inc.'s holdings in Generac were worth $291,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Generac by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock valued at $1,053,650,000 after buying an additional 47,450 shares during the last quarter. Boston Partners raised its position in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Generac by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock valued at $223,293,000 after buying an additional 14,844 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after buying an additional 469,575 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Generac by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after buying an additional 16,954 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Activity at Generac

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

Generac Price Performance

Shares of Generac stock opened at $150.66 on Monday. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The firm's 50-day moving average price is $131.40 and its two-hundred day moving average price is $134.21. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.36 and a beta of 1.72.

Generac (NYSE:GNRC - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $921.78 million. During the same period in the prior year, the firm earned $0.88 earnings per share. Generac's revenue was up 5.9% compared to the same quarter last year. On average, equities analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of research analyst reports. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Stephens reissued an "overweight" rating and issued a $175.00 price target on shares of Generac in a research report on Tuesday, May 27th. TD Cowen dropped their price target 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. Piper Sandler dropped their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, TD Securities dropped their price target 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. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $169.17.

Generac 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.

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