Generac Holdings Inc. $GNRC Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 78.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,336 shares of the technology company’s stock after selling 47,473 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Generac were worth $2,605,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MUFG Securities EMEA plc acquired a new stake in Generac in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac during the third quarter worth $26,000. GHP Investment Advisors Inc. acquired a new position in shares of Generac during the first quarter worth $36,000. Root Financial Partners LLC boosted its stake in shares of Generac by 32.9% in the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares during the period. Finally, IFP Advisors Inc grew its holdings in Generac by 33.8% during the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock valued at $59,000 after purchasing an additional 110 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Price Performance

Shares of GNRC stock opened at $235.94 on Wednesday. The firm has a fifty day moving average of $266.17 and a two-hundred day moving average of $215.81. The firm has a market cap of $13.89 billion, a P/E ratio of 73.96, a P/E/G ratio of 2.41 and a beta of 1.89. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. As a group, research analysts anticipate that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, insider Norman P. Taffe sold 550 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $256.00, for a total transaction of $140,800.00. Following the transaction, the insider owned 15,808 shares of the company’s stock, valued at $4,046,848. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the transaction, the chief executive officer owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. The trade was a 0.88% 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. In the last ninety days, insiders have sold 6,100 shares of company stock worth $1,651,443. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GNRC has been the topic of several analyst reports. Stifel Nicolaus set a $275.00 price target on shares of Generac in a research note on Thursday, April 30th. Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Wells Fargo & Company lifted their target price on Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Needham & Company LLC reiterated a “buy” rating on shares of Generac in a research note on Tuesday, June 2nd. Finally, Zacks Research lowered Generac from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.18.

Generac Profile

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.