Dillon & Associates Inc. Sells 4,464 Shares of Generac Holdings Inc. $GNRC

Dillon & Associates Inc. lowered its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 39.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,956 shares of the technology company’s stock after selling 4,464 shares during the period. Dillon & Associates Inc.’s holdings in Generac were worth $946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Generac during the 3rd quarter worth $26,000. Sentry Investment Management LLC grew its position in Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Generac during the 2nd quarter worth $25,000. Parkside Financial Bank & Trust grew its position in Generac by 47.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 274 shares of the technology company’s stock worth $46,000 after acquiring an additional 88 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new stake in Generac during the 3rd quarter worth $46,000. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In related news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at $32,321,451.02. The trade was a 15.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on GNRC. JPMorgan Chase & Co. lifted their target price on Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $311.00 target price on Generac in a report on Thursday, April 30th. Bank of America cut their target price on Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. UBS Group lifted their target price on Generac from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $202.00 target price on shares of Generac in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $276.88.

Generac Stock Up 0.1%

Shares of NYSE:GNRC opened at $270.50 on Tuesday. Generac Holdings Inc. has a 1 year low of $118.09 and a 1 year high of $276.80. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 84.80, a P/E/G ratio of 2.53 and a beta of 1.93. The business’s 50-day moving average is $224.11 and its 200-day moving average is $190.20. 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 earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $1.26 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts predict that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

About Generac

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.