Holocene Advisors LP Sells 43,971 Shares of Generac Holdings Inc. $GNRC

Holocene Advisors LP lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 12.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,652 shares of the technology company’s stock after selling 43,971 shares during the period. Holocene Advisors LP’s holdings in Generac were worth $52,338,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GNRC. MUFG Securities EMEA plc bought a new stake in Generac in the 2nd quarter worth about $25,000. First Horizon Corp bought a new position in shares of Generac during the 3rd quarter worth approximately $28,000. Sentry Investment Management LLC lifted its position in shares of Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Generac in the 3rd quarter worth approximately $41,000. Finally, Red Tortoise LLC purchased a new position in shares of Generac in the 3rd quarter worth approximately $42,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of research analyst reports. Robert W. Baird set a $292.00 price target on Generac in a research report on Thursday, February 12th. Roth Mkm reissued a “neutral” rating and issued a $220.00 price objective on shares of Generac in a research report on Thursday, February 12th. Stifel Nicolaus set a $235.00 price objective on Generac in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price for the company in a research report on Monday, December 8th. Finally, Zacks Research upgraded Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $222.06.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction 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 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 this hyperlink. 2.70% of the stock is owned by corporate insiders.

Generac Trading Up 0.9%

Shares of GNRC stock opened at $202.36 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48. The firm has a market cap of $11.87 billion, a P/E ratio of 75.51, a PEG ratio of 1.46 and a beta of 1.74. The company has a 50 day moving average of $192.25 and a 200-day moving average of $174.40. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $241.09.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company posted $2.80 earnings per share. Generac’s revenue for the quarter was down 11.6% on a year-over-year basis. Sell-side analysts anticipate 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.