Amalgamated Bank Lowers Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Amalgamated Bank cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,213 shares of the technology company’s stock after selling 440 shares during the period. Amalgamated Bank’s holdings in Generac were worth $1,940,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC purchased a new position in Generac in the second quarter valued at $98,282,000. International Assets Investment Management LLC grew its position 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 buying an additional 266,026 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Generac by 678.5% during the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after buying an additional 167,641 shares during the period. Blair William & Co. IL raised its holdings in Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Generac by 21.4% in the second quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock worth $55,548,000 after acquiring an additional 74,115 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GNRC shares. Wells Fargo & Company increased their price objective on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Generac in a research note on Monday, August 5th. Northland Securities upped their price objective on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, TD Cowen increased their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average target price of $169.10.

Generac Trading Down 2.5 %

NYSE:GNRC opened at $190.32 on Wednesday. Generac Holdings Inc. has a 12-month low of $102.23 and a 12-month high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $161.47 and its 200-day simple moving average is $150.85. The firm has a market cap of $11.32 billion, a P/E ratio of 39.49, a PEG ratio of 2.32 and a beta of 1.37.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company posted $1.64 EPS. Generac’s revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that Generac Holdings Inc. will post 6.8 EPS for the current year.

Insider Buying and Selling

In other Generac news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Generac news, CFO York A. Ragen sold 29,081 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following 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 disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,584,853 over the last ninety 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.