Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Asio Capital LLC

Asio Capital LLC cut its holdings in Generac Holdings Inc. (NYSE:GNRC) by 40.5% during the 4th quarter, Holdings Channel reports. The firm owned 12,187 shares of the technology company’s stock after selling 8,292 shares during the period. Asio Capital LLC’s holdings in Generac were worth $1,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in shares of Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after purchasing an additional 299,205 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Generac by 21.4% during the second quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock valued at $55,548,000 after buying an additional 74,115 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in Generac by 5.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after acquiring an additional 20,576 shares during the last quarter. Jennison Associates LLC purchased a new stake in Generac in the 3rd quarter worth approximately $45,722,000. Finally, International Assets Investment Management LLC raised its holdings in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after acquiring an additional 266,026 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Up 0.7 %

Shares of NYSE:GNRC opened at $157.40 on Friday. The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.60 and a beta of 1.42. The company has a 50 day moving average of $167.98 and a two-hundred day moving average of $161.43. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $1.64 EPS. The business’s revenue was up 9.6% on a year-over-year basis. As a group, analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. The trade was a 17.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price objective on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays started coverage on shares of Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. Roth Mkm boosted their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.30.

About Generac

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.