Orange Investment Advisors Inc. Sells 2,653 Shares of Generac Holdings Inc. $GNRC

Orange Investment Advisors Inc. lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 21.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 9,752 shares of the technology company’s stock after selling 2,653 shares during the period. Orange Investment Advisors Inc.’s holdings in Generac were worth $1,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Generac by 6.2% during the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock valued at $309,000 after buying an additional 142 shares during the last quarter. Woodline Partners LP lifted its stake in Generac by 40.9% during the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after acquiring an additional 1,463 shares in the last quarter. First Trust Advisors LP lifted its stake in Generac by 27.6% during the 2nd quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock valued at $14,507,000 after acquiring an additional 21,908 shares in the last quarter. Cerity Partners LLC boosted its holdings in Generac by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after acquiring an additional 816 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Generac by 8.6% in the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock worth $14,929,000 after acquiring an additional 8,213 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at $153,653,231.04. This represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction of $149,743.00. Following the sale, the insider owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. The trade was a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.40% of the company’s stock.

Generac Trading Up 0.2%

Shares of Generac stock opened at $279.28 on Monday. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm has a market cap of $16.44 billion, a PE ratio of 87.55, a P/E/G ratio of 2.61 and a beta of 1.93. The stock has a fifty day moving average price of $259.31 and a 200-day moving average price of $210.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. Equities research analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on GNRC. Stephens reiterated an “overweight” rating and issued a $290.00 target price on shares of Generac in a report on Thursday, May 21st. Needham & Company LLC restated a “buy” rating on shares of Generac in a report on Tuesday, June 2nd. Raymond James Financial set a $302.00 price objective on shares of Generac in a research report on Friday, May 22nd. TD Cowen increased their price objective on shares of Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Barclays lifted their target price on shares of Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $278.65.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.