Oppenheimer & Co. Inc. Sells 2,514 Shares of Generac Holdings Inc. (NYSE:GNRC)

Oppenheimer & Co. Inc. decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,178 shares of the technology company’s stock after selling 2,514 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.09% of Generac worth $7,163,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new position in Generac in the 4th quarter valued at $27,000. EntryPoint Capital LLC lifted its holdings in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after buying an additional 220 shares during the last quarter. Quarry LP increased its stake in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after buying an additional 202 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Generac during the second quarter worth $39,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GNRC. Stephens reiterated an “overweight” rating and issued a $200.00 price target on shares of Generac in a report on Monday, August 5th. The Goldman Sachs Group lifted their price target on shares of Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. StockNews.com lowered shares of Generac from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer lowered shares of Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 22nd. Finally, Piper Sandler upped their target price on shares of Generac from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Generac currently has an average rating of “Hold” and a consensus target price of $154.71.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the sale, the chief executive officer now directly owns 577,177 shares in the company, valued at approximately $76,989,640.03. The sale 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 insiders.

Generac Price Performance

GNRC stock opened at $140.53 on Friday. The stock has a market cap of $8.45 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. The stock has a 50-day moving average price of $149.59 and a two-hundred day moving average price of $138.26. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $169.57. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $1.08 earnings per share. Generac’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts forecast that Generac Holdings Inc. will post 6.52 EPS for the current fiscal year.

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.