Universal Beteiligungs und Servicegesellschaft mbH Sells 2,694 Shares of Generac Holdings Inc. (NYSE:GNRC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Generac Holdings by 10.7%, owning 22,371 shares valued at approximately $2.83 million after selling 2,694 shares in the first quarter.
• Generac reported earnings of $1.26 EPS for the last quarter, surpassing the consensus estimate of $0.99, with revenue increasing 5.9% year-over-year to $942.12 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Generac, with a target price now averaging $166.16 after several analysts adjusted their forecasts.

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 10.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,371 shares of the technology company's stock after selling 2,694 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Generac were worth $2,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GNRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Generac by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after acquiring an additional 72 shares in the last quarter. MetLife Investment Management LLC grew its position in Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock worth $2,636,000 after purchasing an additional 77 shares during the period. Alaethes Wealth LLC grew its position in Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock worth $1,817,000 after purchasing an additional 78 shares during the period. Wedbush Securities Inc. grew its position in Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock worth $347,000 after purchasing an additional 84 shares during the period. Finally, Quadrant Capital Group LLC boosted 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 acquiring an additional 87 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several analyst reports. Barclays lifted their price target on shares of Generac from $164.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Robert W. Baird dropped their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Piper Sandler dropped their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Stephens reiterated an "overweight" rating and set a $175.00 price target on shares of Generac in a research note on Tuesday, May 27th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $166.16.

Insider Activity at Generac

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 transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

Generac Price Performance

Shares of GNRC stock traded up $30.45 on Wednesday, reaching $181.77. The company's stock had a trading volume of 4,932,998 shares, compared to its average volume of 846,932. The stock's fifty day simple moving average is $138.01 and its 200-day simple moving average is $133.87. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.72. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.68% and a return on equity of 18.90%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted $1.35 EPS. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. Analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

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.