Orange Investment Advisors Inc. Sells 2,653 Shares of Generac Holdings Inc. $GNRC

Orange Investment Advisors Inc. lessened its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 21.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,752 shares of the technology company’s stock after selling 2,653 shares during the period. Orange Investment Advisors Inc.’s holdings in Generac were worth $1,905,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GNRC. NewEdge Advisors LLC increased its holdings in 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 last quarter. Woodline Partners LP raised its stake in Generac by 40.9% in the 1st 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 lifted its holdings in 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 purchasing an additional 21,908 shares during the last quarter. Cerity Partners LLC lifted 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 valued at $7,239,000 after purchasing an additional 816 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position 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 during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Up 0.2%

GNRC stock opened at $279.28 on Monday. 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 firm has a market capitalization of $16.44 billion, a PE ratio of 87.55, a PEG ratio of 2.61 and a beta of 1.93. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The stock has a 50-day simple moving average of $259.31 and a two-hundred day simple moving average of $210.65.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm 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 business posted $1.26 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity at Generac

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $290.00 target price on shares of Generac in a research note on Thursday, May 21st. Robert W. Baird set a $311.00 price target on shares of Generac in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Barclays lifted their price objective on shares of Generac from $213.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, March 27th. Finally, Zacks Research cut shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.