CHURCHILL MANAGEMENT Corp Lowers Position in Generac Holdings Inc. (NYSE:GNRC)

CHURCHILL MANAGEMENT Corp cut its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,842 shares of the technology company’s stock after selling 165 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Generac were worth $1,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. increased its holdings in shares of Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after acquiring an additional 1,177 shares in the last quarter. Willis Investment Counsel increased its position in shares of Generac by 18.7% during the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after acquiring an additional 16,541 shares in the last quarter. Nordea Investment Management AB purchased a new position in Generac in the 4th quarter worth approximately $5,229,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after purchasing an additional 3,244 shares in the last quarter. Finally, Global Financial Private Client LLC purchased a new stake in shares of Generac during the fourth quarter valued at $614,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Citigroup reduced their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus raised their price target on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler boosted their price target on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird reduced their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $174.30.

Generac Stock Down 0.0 %

Shares of GNRC stock opened at $160.13 on Friday. The stock has a market cap of $9.53 billion, a P/E ratio of 33.22, a PEG ratio of 1.59 and a beta of 1.42. The company’s fifty day simple moving average is $171.48 and its two-hundred day simple moving average is $160.40. 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 Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm earned $1.64 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts predict that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,577,703 in the last three months. Corporate insiders own 2.90% of the company’s stock.

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.