Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 835,399 shares of the technology company's stock after selling 8,013 shares during the period. Impax Asset Management Group plc owned 1.40% of Generac worth $104,989,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Hurley Capital LLC purchased a new position in shares of Generac during the fourth quarter valued at approximately $26,000. Quadrant Capital Group LLC raised its holdings in Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after acquiring an additional 87 shares during the last quarter. Private Trust Co. NA lifted 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 period. Ostrum Asset Management acquired a new stake in shares of Generac during the fourth quarter worth $50,000. Finally, Wintrust Investments LLC boosted its holdings in shares of 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 purchasing an additional 152 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's 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 completion of the sale, the chief executive officer owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Generac Stock Performance

Generac stock opened at $152.37 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The stock's 50 day moving average price is $127.72 and its 200 day moving average price is $134.69. The firm has a market capitalization of $9.00 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.72.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.68% and a return on equity of 18.90%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Ratings Changes

GNRC has been the subject of several analyst reports. Stifel Nicolaus dropped their target price on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Robert W. Baird cut their price objective on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. TD Securities lowered their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Wells Fargo & Company dropped their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $169.17.

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.

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