Generac Holdings Inc. $GNRC Stock: Radnor Capital Management LLC Reduces Stake

Radnor Capital Management LLC reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 49.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,875 shares of the technology company’s stock after selling 3,738 shares during the period. Radnor Capital Management LLC’s holdings in Generac were worth $802,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of Generac by 13.5% during the third quarter. Signaturefd LLC now owns 875 shares of the technology company’s stock valued at $181,000 after buying an additional 104 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in Generac by 128.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,575 shares of the technology company’s stock worth $326,000 after buying an additional 886 shares during the last quarter. Simplicity Wealth LLC raised its position in Generac by 77.9% in the 3rd quarter. Simplicity Wealth LLC now owns 4,742 shares of the technology company’s stock worth $981,000 after buying an additional 2,077 shares during the last quarter. Evergreen Capital Management LLC raised its position in Generac by 238.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 42,313 shares of the technology company’s stock worth $8,757,000 after buying an additional 29,797 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Generac by 5.3% during the 3rd quarter. Tectonic Advisors LLC now owns 21,563 shares of the technology company’s stock valued at $4,462,000 after acquiring an additional 1,094 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Generac

In other news, insider Kyle Raabe sold 603 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $212.57, for a total transaction of $128,179.71. Following the completion of the sale, the insider directly owned 9,966 shares in the company, valued at $2,118,472.62. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman Taffe sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider owned 15,508 shares of the company’s stock, valued at approximately $3,393,615.64. This trade represents a 3.43% 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. Insiders sold a total of 18,442 shares of company stock valued at $3,656,537 in the last ninety days. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GNRC shares. KeyCorp upgraded shares of Generac from a “sector weight” rating to an “overweight” rating and set a $280.00 target price on the stock in a report on Thursday, October 8th. Raymond James Financial set a $286.00 price target on Generac in a report on Thursday, September 17th. DA Davidson set a $333.00 price target on Generac in a research note on Thursday, July 30th. Citigroup cut their price objective on Generac from $300.00 to $232.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Finally, Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $289.45.

Generac Trading Down 0.4%

Shares of GNRC opened at $187.21 on Friday. The company has a market capitalization of $11.05 billion, a PE ratio of 43.14, a price-to-earnings-growth ratio of 1.60 and a beta of 1.91. The stock has a fifty day moving average of $200.21 and a two-hundred day moving average of $226.82. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm posted $1.65 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, analysts forecast that Generac Holdings Inc. will post 9.74 EPS for the current year.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.