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

Cwm LLC cut its stake in Generac Holdings Inc. (NYSE:GNRC) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,239 shares of the technology company’s stock after selling 3,152 shares during the period. Cwm LLC owned 0.06% of Generac worth $4,684,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its holdings in shares of Generac by 13,944.2% during the 3rd quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after buying an additional 295,338 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of Generac by 14.9% during the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after buying an additional 261,050 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Generac by 42.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock worth $70,839,000 after buying an additional 194,265 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Generac by 108.6% during the 3rd quarter. Blair William & Co. IL now owns 284,345 shares of the technology company’s stock worth $30,982,000 after buying an additional 148,017 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Generac by 9.9% during the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after buying an additional 147,523 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the sale, the chief executive officer now owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GNRC. Citigroup increased their target price on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Robert W. Baird increased their target price on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, Roth Mkm increased their target price on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.65.

Generac Trading Up 1.5 %

Shares of Generac stock opened at $136.10 on Wednesday. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The firm has a market cap of $8.20 billion, a PE ratio of 41.37, a P/E/G ratio of 1.77 and a beta of 1.45. The stock has a fifty day moving average price of $121.53 and a 200-day moving average price of $116.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Generac Holdings Inc. will post 6.3 EPS for the current year.

Generac 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.