Cwm LLC Sells 3,152 Shares of Generac Holdings Inc. (NYSE:GNRC)

Cwm LLC reduced its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,239 shares of the technology company’s stock after selling 3,152 shares during the quarter. Cwm LLC’s holdings in Generac were worth $4,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GNRC. Mackenzie Financial Corp lifted its holdings in shares of Generac by 13,944.2% during the third quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock valued at $30,683,000 after purchasing an additional 295,338 shares in the last quarter. Ariel Investments LLC lifted its holdings in shares of Generac by 14.9% during the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after purchasing an additional 261,050 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Generac by 42.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after purchasing an additional 194,265 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Generac by 108.6% during the third quarter. Blair William & Co. IL now owns 284,345 shares of the technology company’s stock valued at $30,982,000 after purchasing an additional 148,017 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Generac by 9.9% during the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after purchasing an additional 147,523 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research analyst reports. Roth Mkm upped their price target on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group upped their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Citigroup upped their price objective on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, Robert W. Baird upped their price objective on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $141.65.

Generac Stock Performance

NYSE GNRC opened at $136.10 on Wednesday. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 41.37, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $121.53 and a 200-day moving average price of $116.52. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $1.78 EPS. As a group, equities research analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.