Generac Holdings Inc. $GNRC Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 953,216 shares of the technology company’s stock after selling 14,826 shares during the period. Dimensional Fund Advisors LP’s holdings in Generac were worth $159,558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GNRC. Cresset Asset Management LLC purchased a new stake in shares of Generac in the 3rd quarter valued at about $523,000. Picton Mahoney Asset Management lifted its stake in Generac by 9.0% in the third quarter. Picton Mahoney Asset Management now owns 50,112 shares of the technology company’s stock valued at $8,389,000 after buying an additional 4,123 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Generac by 17.9% in the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after acquiring an additional 324,809 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in shares of Generac in the 3rd quarter valued at $419,000. Finally, 111 Capital purchased a new stake in Generac in the 3rd quarter valued at $858,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GNRC shares. Bank of America dropped their price objective on shares of Generac from $236.00 to $224.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Barclays upped their price objective on Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Zacks Research raised Generac from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Guggenheim reiterated a “neutral” rating and issued a $202.00 price objective on shares of Generac in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.19.

Insider Transactions at Generac

In other news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Generac Trading Up 1.4%

NYSE:GNRC opened at $206.94 on Tuesday. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 77.22, a PEG ratio of 1.49 and a beta of 1.74. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $241.09. The stock has a fifty day moving average price of $185.65 and a two-hundred day moving average price of $173.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $2.80 earnings per share. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac Company 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.