CWM LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 75.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,543 shares of the technology company's stock after selling 11,158 shares during the quarter. CWM LLC's holdings in Generac were worth $449,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of GNRC. Hurley Capital LLC purchased a new stake in Generac in the 4th quarter worth approximately $26,000. Quadrant Capital Group LLC increased its stake 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 purchasing an additional 87 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Ostrum Asset Management acquired a new position in shares of Generac during the 4th quarter worth $50,000. Finally, Covestor Ltd increased its stake in shares of Generac by 33.9% during the 4th quarter. Covestor Ltd now owns 513 shares of the technology company's stock worth $80,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. TD Securities lowered their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Roth Capital raised their price target on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday. UBS Group decreased their price target on shares of Generac from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday. Robert W. Baird decreased their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Piper Sandler decreased their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.58.
Check Out Our Latest Report on GNRC
Generac Trading Up 2.3%
Shares of Generac stock traded up $3.49 on Friday, reaching $156.88. The company had a trading volume of 823,639 shares, compared to its average volume of 867,206. The firm's 50-day moving average price is $136.45 and its two-hundred day moving average price is $134.13. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 1.39 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 analysts' consensus estimates of $0.99 by $0.27. The company had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. As a group, research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm'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 sale, the chief executive officer owned 562,966 shares of the company's stock, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company's stock.
Generac Profile
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Free Report)
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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