Romano Brothers AND Company Has $1.34 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Romano Brothers AND Company reduced its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 40.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,410 shares of the technology company’s stock after selling 5,775 shares during the quarter. Romano Brothers AND Company’s holdings in Generac were worth $1,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC bought a new stake in shares of Generac during the 2nd quarter worth about $98,282,000. International Assets Investment Management LLC boosted its holdings in shares of Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after acquiring an additional 266,026 shares during the period. DAVENPORT & Co LLC grew its position in shares of Generac by 831.1% in the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after purchasing an additional 214,322 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after purchasing an additional 103,439 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Generac by 21.4% during the 2nd quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock worth $55,548,000 after purchasing an additional 74,115 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price target (up from $145.00) on shares of Generac in a research report on Thursday, August 1st. Stephens reiterated an “overweight” rating and issued a $200.00 price objective on shares of Generac in a research note on Monday, August 5th. Scotiabank increased their target price on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Citigroup lifted their price target on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $165.40.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the transaction, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by corporate insiders.

Generac Trading Down 0.8 %

GNRC opened at $166.15 on Thursday. The company has a market cap of $10.07 billion, a P/E ratio of 45.77, a PEG ratio of 2.22 and a beta of 1.38. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $155.27 and its 200-day moving average is $146.74. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $176.14.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 earnings per share. Equities research analysts predict that Generac Holdings Inc. will post 6.47 earnings per share for the current fiscal year.

Generac Profile

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.