3,037 Generac Holdings Inc. $GNRC Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,957 shares of the technology company’s stock after selling 3,037 shares during the quarter. Calamos Advisors LLC’s holdings in Generac were worth $10,959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in Generac in the second quarter worth $25,000. Avalon Trust Co acquired a new position in shares of Generac during the first quarter worth $32,000. Essential Partners LLC lifted its holdings in shares of Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. Fiduciary Financial Advisors purchased a new stake in shares of Generac during the 2nd quarter valued at $50,000. Finally, Assetmark Inc. lifted its holdings in shares of Generac by 233.3% during the 1st quarter. Assetmark Inc. now owns 260 shares of the technology company’s stock valued at $51,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Generac from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Needham & Company LLC increased their price target on Generac from $283.00 to $288.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Raymond James Financial set a $279.00 price target on Generac in a report on Thursday, October 29th. Cantor Fitzgerald dropped their price target on Generac from $333.00 to $297.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Generac from a “buy” rating to a “strong-buy” rating in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $290.41.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $206.00, for a total value of $1,030,000.00. Following the sale, the chief executive officer directly owned 544,528 shares of the company’s stock, valued at $112,172,768. This represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $212.57, for a total transaction of $128,179.71. Following the completion of the sale, the insider owned 9,966 shares in the company, valued at $2,118,472.62. The trade was a 5.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,606 shares of company stock valued at $2,491,310 in the last ninety days. Insiders own 2.40% of the company’s stock.

Generac Trading Up 2.2%

NYSE:GNRC opened at $176.13 on Friday. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44. The firm has a fifty day simple moving average of $197.79 and a 200-day simple moving average of $218.22. The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $10.39 billion, a P/E ratio of 34.88, a PEG ratio of 1.50 and a beta of 1.86.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.14. Generac had a net margin of 6.52% and a return on equity of 18.78%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities research analysts anticipate that Generac Holdings Inc. will post 9.84 earnings per share for the current year.

Generac Profile

Generac Holdings Inc designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications.

The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.

Founded in 1959, Generac has expanded from its generator-manufacturing roots into a broader provider of backup power and energy management technologies.