Generac Holdings Inc. $GNRC Shares Sold by Skylands Capital LLC

Skylands Capital LLC decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 39.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,160 shares of the technology company’s stock after selling 15,425 shares during the period. Skylands Capital LLC’s holdings in Generac were worth $4,044,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Strs Ohio grew its holdings in shares of Generac by 583.4% during the 3rd quarter. Strs Ohio now owns 58,096 shares of the technology company’s stock worth $9,725,000 after purchasing an additional 49,595 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Generac in the third quarter valued at about $70,744,000. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 10,325 shares during the period. Annex Advisory Services LLC grew its stake in shares of Generac by 9.2% in the third quarter. Annex Advisory Services LLC now owns 194,519 shares of the technology company’s stock worth $32,562,000 after acquiring an additional 16,386 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Generac by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company’s stock worth $100,031,000 after purchasing an additional 15,280 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GNRC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. Needham & Company LLC started coverage on Generac in a report on Monday, January 12th. They issued a “buy” rating and a $211.00 price target for the company. Wells Fargo & Company set a $195.00 price objective on Generac in a research note on Friday, December 19th. Guggenheim reissued a “buy” rating and issued a $202.00 target price on shares of Generac in a research note on Tuesday. Finally, Robert W. Baird upgraded shares of Generac from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $215.00 to $199.00 in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $195.29.

Generac Stock Performance

NYSE GNRC opened at $182.18 on Wednesday. The business’s 50-day moving average price is $158.09 and its 200 day moving average price is $169.41. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The company has a market capitalization of $10.69 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.85.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.19). Generac had a net margin of 6.92% and a return on equity of 17.63%. On average, research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

About Generac

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.