Kennedy Capital Management LLC Sells 6,598 Shares of Generac Holdings Inc. $GNRC

Kennedy Capital Management LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,935 shares of the technology company’s stock after selling 6,598 shares during the period. Kennedy Capital Management LLC’s holdings in Generac were worth $11,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares during the period. Creative Capital Management Investments LLC lifted its position in shares of Generac by 740.7% in the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Generac in the second quarter worth about $36,000. AdvisorShares Investments LLC bought a new position in shares of Generac in the second quarter worth about $44,000. Finally, Colonial Trust Advisors grew its position in shares of Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock worth $41,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GNRC shares. UBS Group lowered their price target on Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Barclays upped their target price on shares of Generac from $188.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, October 31st. Needham & Company LLC assumed coverage on shares of Generac in a report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $191.06.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

Generac Price Performance

Generac stock opened at $163.24 on Friday. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $165.74 and its 200 day moving average is $161.96. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.59 and a beta of 1.82.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. Sell-side analysts forecast 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.