Epoch Investment Partners Inc. Reduces Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Epoch Investment Partners Inc. decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC – Get Rating) by 40.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,647 shares of the technology company’s stock after selling 15,572 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Generac were worth $7,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GNRC. EverSource Wealth Advisors LLC acquired a new position in Generac in the 4th quarter valued at approximately $33,000. Covestor Ltd acquired a new stake in Generac during the 4th quarter worth $37,000. Amplius Wealth Advisors LLC acquired a new stake in Generac during the 4th quarter worth $47,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Generac in the 4th quarter valued at about $50,000. Finally, Resources Management Corp CT ADV bought a new position in shares of Generac in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 88.35% of the company’s stock.

In other news, CMO Russell S. Minick sold 11,389 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $318.01, for a total value of $3,621,815.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $298.74, for a total transaction of $1,493,700.00. The disclosure for this sale can be found here. Insiders sold a total of 26,389 shares of company stock worth $7,781,466 over the last 90 days. Company insiders own 2.80% of the company’s stock.

Shares of Generac stock opened at $220.84 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 0.71. Generac Holdings Inc. has a 1 year low of $197.94 and a 1 year high of $524.31. The firm’s 50-day moving average is $266.72 and its two-hundred day moving average is $314.92. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.92 and a beta of 1.15.

Generac (NYSE:GNRC – Get Rating) last issued its earnings results on Wednesday, May 4th. The technology company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.17. Generac had a net margin of 12.68% and a return on equity of 30.22%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $2.38 EPS. The firm’s quarterly revenue was up 40.7% on a year-over-year basis. On average, equities analysts expect that Generac Holdings Inc. will post 11.66 earnings per share for the current year.

GNRC has been the subject of a number of research analyst reports. Guggenheim boosted their price objective on Generac from $533.00 to $561.00 in a report on Friday, May 6th. StockNews.com initiated coverage on shares of Generac in a research note on Thursday, March 31st. They set a “hold” rating on the stock. UBS Group reduced their price objective on shares of Generac from $575.00 to $556.00 and set a “buy” rating on the stock in a research note on Thursday, February 17th. The Goldman Sachs Group raised shares of Generac from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a research report on Monday, April 4th. Finally, Credit Suisse Group upped their target price on shares of Generac from $451.00 to $456.00 and gave the stock an “outperform” rating in a report on Thursday, February 17th. Three equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $454.90.

Generac Profile (Get Rating)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

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