Romano Brothers AND Company Sells 1,075 Shares of Generac Holdings Inc. (NYSE:GNRC)

Romano Brothers AND Company lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 14,285 shares of the technology company’s stock after selling 1,075 shares during the period. Romano Brothers AND Company’s holdings in Generac were worth $1,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in shares of Generac during the fourth quarter worth $27,000. BKM Wealth Management LLC purchased a new stake in Generac during the fourth quarter valued at approximately $28,000. ORG Partners LLC bought a new stake in Generac in the fourth quarter worth $38,000. Quarry LP lifted its holdings in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after acquiring an additional 202 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in Generac in the 3rd quarter worth about $40,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the sale, the chief executive officer now owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Erik Wilde sold 4,384 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total transaction of $675,311.36. Following the completion of the sale, the executive vice president now owns 17,897 shares of the company’s stock, valued at $2,756,853.88. The disclosure for this sale can be found here. Insiders have sold 80,785 shares of company stock valued at $11,688,161 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GNRC shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $149.00 price objective on shares of Generac in a report on Thursday, May 23rd. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Tuesday. Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $126.00 to $154.00 in a research report on Thursday, June 13th. Canaccord Genuity Group upped their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Canaccord Genuity Group upped their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Generac has an average rating of “Hold” and a consensus target price of $141.67.

Generac Stock Performance

Shares of NYSE:GNRC traded down $3.71 during midday trading on Friday, hitting $132.22. The stock had a trading volume of 1,714,199 shares, compared to its average volume of 669,240. The company has a market capitalization of $8.01 billion, a PE ratio of 36.42, a P/E/G ratio of 1.84 and a beta of 1.44. The stock has a 50 day moving average price of $140.16 and a two-hundred day moving average price of $128.13. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The firm had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. As a group, equities analysts predict that Generac Holdings Inc. will post 6.15 earnings per share for the current fiscal year.

Generac Company 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.