Generac Holdings Inc. $GNRC Shares Sold by Leonteq Securities AG

Leonteq Securities AG lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 31.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,744 shares of the technology company’s stock after selling 2,211 shares during the quarter. Leonteq Securities AG’s holdings in Generac were worth $927,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of Generac by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after acquiring an additional 142 shares during the period. Woodline Partners LP increased its stake in shares of Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after acquiring an additional 1,463 shares during the period. First Trust Advisors LP increased its stake in shares of Generac by 27.6% during the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock valued at $14,507,000 after acquiring an additional 21,908 shares during the period. Cerity Partners LLC raised its holdings in Generac by 1.6% during the second quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after purchasing an additional 816 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Generac by 8.6% during the second quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock worth $14,929,000 after purchasing an additional 8,213 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

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

Generac Stock Up 0.2%

Shares of Generac stock opened at $253.04 on Friday. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The firm has a market capitalization of $14.90 billion, a PE ratio of 79.32, a price-to-earnings-growth ratio of 2.36 and a beta of 1.89. 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 $265.08 and its 200-day moving average is $214.05.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GNRC. Zacks Research lowered Generac from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Barclays raised their target price on Generac from $228.00 to $285.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. One research 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, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $284.18.

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.