Alliancebernstein L.P. Sells 47,380 Shares of Generac Holdings Inc. (GNRC)

Alliancebernstein L.P. lowered its holdings in Generac Holdings Inc. (NYSE:GNRC) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 179,430 shares of the technology company’s stock after selling 47,380 shares during the quarter. Alliancebernstein L.P.’s holdings in Generac were worth $8,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Boothbay Fund Management LLC boosted its holdings in Generac by 9.3% in the 3rd quarter. Boothbay Fund Management LLC now owns 12,852 shares of the technology company’s stock valued at $590,000 after purchasing an additional 1,098 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Generac by 3.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,453 shares of the technology company’s stock worth $1,399,000 after acquiring an additional 1,122 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Generac by 0.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 389,163 shares of the technology company’s stock worth $19,271,000 after acquiring an additional 1,138 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Generac by 7.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,472 shares of the technology company’s stock worth $757,000 after acquiring an additional 1,180 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Generac by 23.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,559 shares of the technology company’s stock worth $485,000 after acquiring an additional 1,996 shares during the period.

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Generac Holdings Inc. (NYSE:GNRC) opened at $44.47 on Monday. The stock has a market cap of $2,771.64, a P/E ratio of 17.37, a P/E/G ratio of 1.93 and a beta of 1.60. Generac Holdings Inc. has a 12-month low of $33.77 and a 12-month high of $53.78. The company has a current ratio of 2.10, a quick ratio of 1.13 and a debt-to-equity ratio of 1.62.

Generac (NYSE:GNRC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.17. The business had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $475.15 million. Generac had a net margin of 9.53% and a return on equity of 45.26%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. analysts anticipate that Generac Holdings Inc. will post 3.54 earnings per share for the current year.

In related news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.54, for a total transaction of $970,800.00. Following the completion of the transaction, the chief executive officer now directly owns 969,911 shares in the company, valued at approximately $47,079,479.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $2,833,600. 3.00% of the stock is owned by corporate insiders.

A number of brokerages have recently weighed in on GNRC. Stifel Nicolaus reaffirmed a “hold” rating and set a $49.00 price target (down previously from $50.00) on shares of Generac in a report on Wednesday, February 14th. Goldman Sachs cut their price target on shares of Generac from $53.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, February 15th. SunTrust Banks raised shares of Generac from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research downgraded shares of Generac from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Robert W. Baird reiterated a “buy” rating and set a $52.00 price objective on shares of Generac in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $51.36.

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About Generac

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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