GRIMES & Co WEALTH MANAGEMENT LLC Decreases Stock Position in Generac Holdings Inc. $GNRC

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC cut its Generac stake by 12.3%, selling 5,129 shares in Q4 and leaving the firm with 36,406 shares worth about $4.97 million (≈0.06% of the company).
• Generac beat quarterly expectations, reporting $1.80 EPS vs. $1.33 expected and $1.06B in revenue (up 12.5% YoY); the stock trades near its 12‑month high with a market cap of $15.7B and a high P/E (~83.6).
• CFO York A. Ragen sold 24,362 shares (a 15.08% reduction to his position); insiders now own 2.7% of the company while institutional investors control about 84.04% of shares.

GRIMES & Co WEALTH MANAGEMENT LLC decreased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,406 shares of the technology company's stock after selling 5,129 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC owned 0.06% of Generac worth $4,965,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC grew its stake in shares of Generac by 4.4% during the fourth quarter. DAVENPORT & Co LLC now owns 387,082 shares of the technology company's stock valued at $53,190,000 after acquiring an additional 16,229 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Generac during the third quarter worth about $70,744,000. Strs Ohio lifted its stake in shares of Generac by 583.4% in the third quarter. Strs Ohio now owns 58,096 shares of the technology company's stock worth $9,725,000 after acquiring an additional 49,595 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Generac by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company's stock worth $100,031,000 after acquiring an additional 15,280 shares in the last quarter. Finally, Private Advisory Group LLC boosted its holdings in Generac by 26.2% in the fourth quarter. Private Advisory Group LLC now owns 58,781 shares of the technology company's stock valued at $8,016,000 after purchasing an additional 12,191 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

GNRC stock opened at $266.81 on Friday. The stock's 50 day simple moving average is $213.65 and its 200 day simple moving average is $183.31. Generac Holdings Inc. has a 12-month low of $117.22 and a 12-month high of $269.58. The firm has a market cap of $15.69 billion, a P/E ratio of 83.64, a P/E/G ratio of 2.50 and a beta of 1.93. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The firm's revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current year.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the transaction, the chief financial officer directly owned 137,182 shares of the company's stock, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

GNRC has been the topic of several analyst reports. Barclays lifted their price objective on Generac from $213.00 to $228.00 and gave the stock an "equal weight" rating in a report on Friday, March 27th. Needham & Company LLC reiterated a "buy" rating and set a $277.00 target price on shares of Generac in a research note on Thursday, March 26th. Roth Mkm reissued a "neutral" rating and set a $257.00 price target on shares of Generac in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price target on shares of Generac from $238.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded shares of Generac from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $270.31.

Generac 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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