CHURCHILL MANAGEMENT Corp Sells 165 Shares of Generac Holdings Inc. (NYSE:GNRC)

CHURCHILL MANAGEMENT Corp reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the period. Modus Advisors LLC purchased a new stake in shares of Generac in the 4th quarter worth approximately $27,000. Versant Capital Management Inc boosted its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Generac during the third quarter worth $31,000. Finally, SouthState Corp bought a new stake in Generac during the 3rd quarter valued at $32,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Down 0.0 %

Generac stock opened at $160.13 on Friday. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42. The business’s 50-day moving average price is $171.48 and its 200 day moving average price 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 (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $1.64 earnings per share. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GNRC shares. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. Truist Financial cut their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup lowered their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus boosted 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. Finally, Roth Mkm lifted their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock worth $7,577,703 in the last 90 days. 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.