Mutual of America Capital Management LLC Sells 3,331 Shares of Generac Holdings Inc. (NYSE:GNRC)

Mutual of America Capital Management LLC reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 32.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,932 shares of the technology company's stock after selling 3,331 shares during the quarter. Mutual of America Capital Management LLC's holdings in Generac were worth $878,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Nebula Research & Development LLC bought a new position in shares of Generac in the 4th quarter worth approximately $3,638,000. Pinebridge Investments L.P. lifted its position in shares of Generac by 28.1% during the fourth quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock worth $10,697,000 after purchasing an additional 15,147 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after acquiring an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Generac in the first quarter worth about $245,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock worth $3,232,000 after purchasing an additional 3,345 shares in 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 analysts recently issued reports on the company. Canaccord Genuity Group cut their price objective on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Robert W. Baird cut their price target on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Bank of America started coverage on Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 target price on the stock. Citigroup raised Generac from a "neutral" rating to a "mixed" rating in a research note on Friday, July 11th. Finally, Stephens reissued an "overweight" rating and set a $175.00 target price on shares of Generac in a research report on Tuesday, May 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $164.84.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction 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 transaction, the chief executive officer owned 562,966 shares in the company, valued at $80,166,358.40. This trade represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.

Generac Trading Up 0.1%

NYSE:GNRC traded up $0.16 during trading hours on Tuesday, hitting $150.41. 1,179,185 shares of the company were exchanged, compared to its average volume of 858,178. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.72. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company has a fifty day simple moving average of $135.01 and a 200 day simple moving average of $133.93.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping 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 firm had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business's quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.