Bcwm LLC Sells 15,232 Shares of Generac Holdings Inc. $GNRC

Bcwm LLC cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 21.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,252 shares of the technology company’s stock after selling 15,232 shares during the quarter. Generac makes up approximately 2.9% of Bcwm LLC’s holdings, making the stock its 14th biggest position. Bcwm LLC’s holdings in Generac were worth $9,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Generac during the 3rd quarter valued at $70,744,000. Strs Ohio raised its holdings in Generac by 583.4% during the third quarter. Strs Ohio now owns 58,096 shares of the technology company’s stock valued at $9,725,000 after acquiring an additional 49,595 shares during the period. Envestnet Asset Management Inc. raised its holdings in Generac by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company’s stock valued at $100,031,000 after acquiring an additional 15,280 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Generac by 2.9% in the second quarter. JPMorgan Chase & Co. now owns 361,189 shares of the technology company’s stock valued at $51,728,000 after acquiring an additional 10,325 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Generac by 30.5% in the third quarter. Principal Financial Group Inc. now owns 86,623 shares of the technology company’s stock valued at $14,501,000 after acquiring an additional 20,270 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group reiterated a “buy” rating and set a $270.00 target price on shares of Generac in a research report on Friday, February 13th. JPMorgan Chase & Co. raised Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target on the stock in a report on Monday, December 8th. Citigroup downgraded Generac from a “buy” rating to a “neutral” rating and upped their price target for the stock from $207.00 to $237.00 in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. Finally, Barclays lifted their price objective on shares of Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Generac has an average rating of “Moderate Buy” and an average target price of $222.06.

Generac Trading Down 1.7%

Shares of GNRC stock opened at $200.59 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 74.85, a price-to-earnings-growth ratio of 1.46 and a beta of 1.74. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $241.09. The stock’s 50-day moving average price is $191.17 and its 200-day moving average price is $174.38.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. Generac’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.80 earnings per share. Equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Activity

In other news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the transaction, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Generac Company 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.