Cwm LLC Cuts Stake in Generac Holdings Inc. $GNRC

Key Points

• Cwm LLC trimmed its stake in Generac by 48.8% in Q4, selling 8,367 shares and finishing the period with 8,786 shares valued at about $1.20 million.
• Generac CFO York A. Ragen sold 24,362 shares on Feb. 25 for roughly $5.74 million, a 15.08% reduction in his holding; insiders own 2.70% of the stock while institutional investors hold 84.04%.
• Wall Street’s consensus is a “Moderate Buy” with an average price target of $233.94; the stock has a market cap of $12.97 billion and a P/E of 82.45, trading in a 1‑year range of $109.20–$241.09.

Cwm LLC trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 48.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,786 shares of the technology company's stock after selling 8,367 shares during the quarter. Cwm LLC's holdings in Generac were worth $1,198,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its position in Generac by 21.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company's stock valued at $55,000 after purchasing an additional 59 shares during the last quarter. Sentry Investment Management LLC boosted its stake in Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company's stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. ORG Partners LLC boosted its stake in Generac by 24.7% during the 3rd quarter. ORG Partners LLC now owns 369 shares of the technology company's stock valued at $62,000 after purchasing an additional 73 shares during the last quarter. Argent Trust Co boosted its stake in Generac by 2.3% during the 3rd quarter. Argent Trust Co now owns 3,272 shares of the technology company's stock valued at $548,000 after purchasing an additional 73 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Generac by 2.7% during the 3rd quarter. NewEdge Advisors LLC now owns 2,749 shares of the technology company's stock valued at $460,000 after acquiring an additional 73 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GNRC. Needham & Company LLC reaffirmed a "buy" rating and set a $277.00 price target on shares of Generac in a report on Thursday, March 26th. Robert W. Baird set a $292.00 price target on shares of Generac in a report on Thursday, February 12th. Barclays raised their price target on Generac from $213.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Friday, March 27th. Roth Mkm restated a "neutral" rating and issued a $220.00 price target on shares of Generac in a research note on Thursday, February 12th. Finally, Citigroup dropped their price target on Generac from $237.00 to $226.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $233.94.

Generac Price Performance

Shares of NYSE:GNRC opened at $220.96 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. Generac Holdings Inc. has a 1-year low of $109.20 and a 1-year high of $241.09. The company has a market capitalization of $12.97 billion, a P/E ratio of 82.45, a P/E/G ratio of 2.19 and a beta of 1.78. The firm's 50 day simple moving average is $210.79 and its two-hundred day simple moving average is $179.98.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the firm earned $2.80 earnings per share. Generac's revenue was down 11.6% on a year-over-year basis. Research analysts expect that Generac Holdings Inc. will post 8.42 EPS for the current fiscal year.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the sale, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

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.

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