Truvestments Capital LLC Has $118,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Truvestments Capital LLC reduced its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 68.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 936 shares of the technology company’s stock after selling 2,000 shares during the quarter. Truvestments Capital LLC’s holdings in Generac were worth $118,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stevens Capital Management LP acquired a new position in shares of Generac during the fourth quarter valued at about $916,000. Duality Advisers LP purchased a new position in Generac during the fourth quarter worth about $964,000. Versor Investments LP purchased a new position in Generac during the fourth quarter worth about $452,000. Ninety One UK Ltd boosted its holdings in Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after purchasing an additional 56,169 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Generac by 91.7% during the fourth quarter. Teacher Retirement System of Texas now owns 9,183 shares of the technology company’s stock worth $1,187,000 after purchasing an additional 4,393 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the completion of the sale, the chief executive officer now owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the completion of the sale, the chief executive officer now owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Erik Wilde sold 4,384 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total transaction of $675,311.36. Following the completion of the sale, the executive vice president now directly owns 17,897 shares of the company’s stock, valued at approximately $2,756,853.88. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock valued at $11,720,411 in the last quarter. Corporate insiders own 2.80% of the company’s stock.

Generac Price Performance

Generac stock traded up $6.65 during midday trading on Friday, reaching $159.43. 798,316 shares of the stock were exchanged, compared to its average volume of 883,556. The company’s fifty day moving average is $144.81 and its 200-day moving average is $131.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The firm has a market cap of $9.66 billion, a PE ratio of 43.92, a PEG ratio of 2.16 and a beta of 1.37. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $161.80.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the previous year, the company earned $0.63 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts forecast that Generac Holdings Inc. will post 6.16 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on GNRC. Canaccord Genuity Group boosted their price target on shares of Generac from $150.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Roth Mkm boosted their price target on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Truist Financial boosted their price target on shares of Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Guggenheim lowered shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 price objective on the stock. in a research report on Thursday, May 30th. Finally, Oppenheimer lowered shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Generac currently has a consensus rating of “Hold” and a consensus price target of $142.11.

Generac 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.