Gagnon Securities LLC Trims Stock Position in Generac Holdings Inc. $GNRC

Gagnon Securities LLC lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 75,593 shares of the technology company’s stock after selling 1,968 shares during the period. Generac comprises about 2.1% of Gagnon Securities LLC’s portfolio, making the stock its 20th largest holding. Gagnon Securities LLC’s holdings in Generac were worth $10,309,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. DAVENPORT & Co LLC increased its stake in shares of Generac by 4.4% in the 4th quarter. DAVENPORT & Co LLC now owns 387,082 shares of the technology company’s stock valued at $53,190,000 after purchasing an additional 16,229 shares in the last quarter. Lighthouse Investment Partners LLC grew its position in shares of Generac by 556.7% in the third quarter. Lighthouse Investment Partners LLC now owns 51,903 shares of the technology company’s stock valued at $8,689,000 after purchasing an additional 43,999 shares in the last quarter. Private Advisory Group LLC grew its position in shares of Generac by 26.2% in the fourth quarter. Private Advisory Group LLC now owns 58,781 shares of the technology company’s stock valued at $8,016,000 after purchasing an additional 12,191 shares in the last quarter. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Generac in the third quarter valued at approximately $2,159,000. Finally, Altman Advisors Inc. purchased a new stake in shares of Generac in the third quarter valued at approximately $1,807,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the transaction, the chief executive officer owned 564,528 shares of the company’s stock, valued at $153,653,231.04. This trade represents a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the sale, the insider directly owned 16,108 shares in the company, valued at $4,385,564.08. This represents a 3.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by corporate insiders.

Generac Stock Up 1.9%

NYSE:GNRC opened at $262.13 on Friday. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $243.76 and its two-hundred day moving average is $201.53. Generac Holdings Inc. has a 52 week low of $123.66 and a 52 week high of $294.18. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 82.17, a price-to-earnings-growth ratio of 2.41 and a beta of 1.93.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Research analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current year.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent analyst reports. TD Cowen upped their price objective on Generac from $255.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Citigroup upped their price objective on Generac from $226.00 to $263.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Raymond James Financial set a $302.00 price objective on Generac in a report on Friday, May 22nd. Roth Mkm reiterated a “neutral” rating and issued a $257.00 price objective on shares of Generac in a report on Thursday, April 30th. Finally, Wells Fargo & Company upped their price objective on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $278.65.

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.