RB Capital Management LLC Sells 1,174 Shares of Generac Holdings Inc. (NYSE:GNRC)

RB Capital Management LLC reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,362 shares of the technology company’s stock after selling 1,174 shares during the quarter. RB Capital Management LLC’s holdings in Generac were worth $1,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in GNRC. SG Americas Securities LLC lifted its stake in shares of Generac by 9.4% in the 3rd quarter. SG Americas Securities LLC now owns 10,048 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 860 shares during the period. Czech National Bank increased its stake in shares of Generac by 47.7% in the 3rd quarter. Czech National Bank now owns 10,878 shares of the technology company’s stock valued at $1,185,000 after purchasing an additional 3,515 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Generac by 18.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 75,881 shares of the technology company’s stock worth $8,268,000 after purchasing an additional 11,704 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Generac by 9.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,942 shares of the technology company’s stock valued at $1,628,000 after buying an additional 1,300 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of Generac by 5.9% during the 3rd quarter. Xponance Inc. now owns 9,675 shares of the technology company’s stock worth $1,054,000 after buying an additional 540 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 6.1 %

Shares of NYSE GNRC traded down $8.33 during midday trading on Wednesday, hitting $127.63. The company’s stock had a trading volume of 3,334,697 shares, compared to its average volume of 1,090,638. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 1.82 and a beta of 1.45. 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 Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The business’s fifty day simple moving average is $123.45 and its two-hundred day simple moving average is $117.70.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $1.78 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the sale, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by insiders.

Analyst Ratings Changes

GNRC has been the subject of several recent analyst reports. Robert W. Baird boosted their price target on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. UBS Group lowered their price target on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Guggenheim downgraded Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Finally, Roth Mkm upped their target price on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $141.65.

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.