Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 81.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 88,464 shares of the technology company’s stock after selling 376,371 shares during the quarter. Barclays PLC’s holdings in Generac were worth $36,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Generac by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,888 shares of the technology company’s stock valued at $3,275,000 after buying an additional 26 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in shares of Generac by 2.6% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 1,008 shares of the technology company’s stock valued at $412,000 after buying an additional 26 shares during the period. Clarus Wealth Advisors boosted its holdings in shares of Generac by 5.6% in the 3rd quarter. Clarus Wealth Advisors now owns 506 shares of the technology company’s stock valued at $204,000 after buying an additional 27 shares during the period. North Star Asset Management Inc. boosted its holdings in shares of Generac by 2.6% in the 3rd quarter. North Star Asset Management Inc. now owns 1,195 shares of the technology company’s stock valued at $488,000 after buying an additional 30 shares during the period. Finally, Bbva USA lifted its position in Generac by 22.1% in the 3rd quarter. Bbva USA now owns 166 shares of the technology company’s stock valued at $68,000 after purchasing an additional 30 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $496.95, for a total transaction of $2,484,750.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO York A. Ragen sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 11th. The shares were sold at an average price of $442.63, for a total transaction of $4,426,300.00. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $9,025,450 over the last ninety days. 2.80% of the stock is currently owned by insiders.

Several analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Generac from $561.00 to $471.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 7th. UBS Group upgraded shares of Generac from a “neutral” rating to a “buy” rating and cut their price objective for the company from $500.00 to $480.00 in a research report on Monday, January 10th. Piper Sandler started coverage on shares of Generac in a research report on Friday, January 7th. They set a “buy” rating and a $481.00 price target on the stock. Truist Securities started coverage on shares of Generac in a research report on Friday, October 15th. They set a “buy” rating and a $500.00 price target on the stock. Finally, Argus boosted their price target on shares of Generac from $475.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $459.10.

Generac stock opened at $306.28 on Friday. The firm’s 50 day simple moving average is $377.29 and its 200-day simple moving average is $414.25. The company has a market cap of $19.32 billion, a P/E ratio of 37.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.89 and a quick ratio of 0.97. Generac Holdings Inc. has a fifty-two week low of $243.21 and a fifty-two week high of $524.31.

Generac (NYSE:GNRC) last released its earnings results on Tuesday, November 2nd. The technology company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.39 by ($0.04). The firm had revenue of $942.70 million during the quarter, compared to analysts’ expectations of $961.13 million. Generac had a return on equity of 37.32% and a net margin of 15.52%. The business’s revenue was up 34.2% on a year-over-year basis. During the same period last year, the business earned $2.08 earnings per share. On average, analysts expect that Generac Holdings Inc. will post 9.53 EPS for the current fiscal year.

Generac Company Profile

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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