Barclays PLC Has $36.15 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Barclays PLC trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 81.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,464 shares of the technology company’s stock after selling 376,371 shares during the period. Barclays PLC owned approximately 0.14% of Generac worth $36,151,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Generac by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,888 shares of the technology company’s stock valued at $3,275,000 after purchasing an additional 26 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Generac by 2.6% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 1,008 shares of the technology company’s stock valued at $412,000 after purchasing an additional 26 shares in the last quarter. Clarus Wealth Advisors boosted its stake in shares of Generac by 5.6% in the 3rd quarter. Clarus Wealth Advisors now owns 506 shares of the technology company’s stock valued at $204,000 after purchasing an additional 27 shares in the last quarter. North Star Asset Management Inc. boosted its stake in shares of Generac by 2.6% in the 3rd quarter. North Star Asset Management Inc. now owns 1,195 shares of the technology company’s stock valued at $488,000 after purchasing an additional 30 shares in the last quarter. Finally, Bbva USA boosted its stake in shares of Generac by 22.1% in the 3rd quarter. Bbva USA now owns 166 shares of the technology company’s stock valued at $68,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

In related news, CFO York A. Ragen sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 11th. The stock was sold at an average price of $442.63, for a total value of $4,426,300.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, November 1st. The shares were sold at an average price of $496.95, for a total value of $2,484,750.00. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $9,025,450 over the last three months. 2.80% of the stock is owned by insiders.

Several equities research analysts recently commented on GNRC shares. Truist Securities started coverage on shares of Generac in a research report on Friday, October 15th. They set a “buy” rating and a $500.00 target price on the stock. Argus lifted their target price on shares of Generac from $475.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. Colliers Securities began coverage on shares of Generac in a research report on Tuesday, December 14th. They set a “buy” rating and a $490.00 target price on the stock. KeyCorp lowered their price target on shares of Generac from $540.00 to $500.00 and set an “overweight” rating for the company in a report on Friday, December 17th. Finally, raised their price target on shares of Generac from $515.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, November 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Generac currently has an average rating of “Buy” and a consensus price target of $459.10.

GNRC opened at $306.28 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.89 and a quick ratio of 0.97. The company has a market capitalization of $19.32 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 1.99 and a beta of 0.96. The firm’s fifty day moving average price is $377.29 and its two-hundred day moving average price is $414.25. Generac Holdings Inc. has a 1 year low of $243.21 and a 1 year high of $524.31.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Tuesday, November 2nd. The technology company reported $2.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.39 by ($0.04). The firm had revenue of $942.70 million for the quarter, compared to analysts’ expectations of $961.13 million. Generac had a return on equity of 37.32% and a net margin of 15.52%. Generac’s revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 earnings per share. As a group, equities analysts anticipate that Generac Holdings Inc. will post 9.53 EPS for the current year.

About Generac

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.

Featured Story: Cost of Capital Explained

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter.