Generac Holdings Inc. $GNRC Shares Sold by Quinn Opportunity Partners LLC

Key Points

• Quinn Opportunity Partners cut its Generac stake by 26.8% (sold 7,500 shares), leaving 20,500 shares worth $3.432M, while CFO York A. Ragen sold 24,362 shares at about $235.61; institutional investors own 84.04% of the stock.
• Generac missed quarterly estimates, reporting EPS of $1.61 vs. $1.81 expected and revenue of $1.09B vs. $1.16B expected, with revenue down 11.6% year‑over‑year and a high trailing PE (~74.85).
• Analysts remain broadly positive with multiple target increases and a consensus rating of "Moderate Buy" and a consensus target price of $222.06 (individual targets range into the $230–$292 area).

Quinn Opportunity Partners LLC lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 26.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,500 shares of the technology company's stock after selling 7,500 shares during the period. Quinn Opportunity Partners LLC's holdings in Generac were worth $3,432,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GNRC. Invesco Ltd. increased its position in Generac by 40.9% during the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company's stock valued at $285,338,000 after buying an additional 577,933 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Generac in the third quarter worth about $70,744,000. Norges Bank acquired a new stake in Generac in the second quarter worth about $53,138,000. Victory Capital Management Inc. grew its stake in shares of Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company's stock worth $355,530,000 after acquiring an additional 324,809 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Generac by 63.5% during the second quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company's stock worth $107,314,000 after acquiring an additional 291,012 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Analysts Set New Price Targets

GNRC has been the subject of several research analyst reports. UBS Group reaffirmed a "buy" rating and issued a $270.00 price objective on shares of Generac in a research report on Friday, February 13th. Wells Fargo & Company boosted their target price on shares of Generac from $185.00 to $234.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. Robert W. Baird set a $292.00 price target on shares of Generac in a research note on Thursday, February 12th. TD Cowen lifted their price objective on shares of Generac from $220.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Finally, Needham & Company LLC assumed coverage on shares of Generac in a report on Monday, January 12th. They set a "buy" rating and a $211.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $222.06.

Generac Price Performance

Shares of NYSE:GNRC opened at $200.59 on Friday. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $241.09. The company's 50 day moving average is $191.17 and its 200 day moving average is $174.49. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The company has a market cap of $11.77 billion, a PE ratio of 74.85, a price-to-earnings-growth ratio of 1.49 and a beta of 1.74.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.81 by ($0.20). The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.80 earnings per share. On average, sell-side analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity

In related news, CFO York A. Ragen sold 24,362 shares of the firm's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the transaction, the chief financial officer owned 137,182 shares of the company's stock, valued at $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Generac Company 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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