GW&K Investment Management LLC Sells 17,528 Shares of Generac Holdings Inc. (NYSE:GNRC)

GW&K Investment Management LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 21.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,689 shares of the technology company’s stock after selling 17,528 shares during the quarter. GW&K Investment Management LLC’s holdings in Generac were worth $4,911,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GNRC. WINTON GROUP Ltd bought a new position in shares of Generac in the second quarter valued at about $520,000. First Hawaiian Bank increased its position in Generac by 12.1% during the second quarter. First Hawaiian Bank now owns 6,850 shares of the technology company’s stock worth $475,000 after acquiring an additional 740 shares during the period. KG&L Capital Management LLC bought a new position in Generac during the second quarter worth about $242,000. NEXT Financial Group Inc increased its position in Generac by 21.0% during the second quarter. NEXT Financial Group Inc now owns 4,413 shares of the technology company’s stock worth $306,000 after acquiring an additional 765 shares during the period. Finally, Atwood & Palmer Inc. increased its position in Generac by 0.8% during the second quarter. Atwood & Palmer Inc. now owns 202,270 shares of the technology company’s stock worth $14,040,000 after acquiring an additional 1,535 shares during the period. Hedge funds and other institutional investors own 89.16% of the company’s stock.

GNRC stock traded up $0.13 during mid-day trading on Wednesday, hitting $93.27. The stock had a trading volume of 6,899 shares, compared to its average volume of 511,823. The company has a current ratio of 2.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.10. Generac Holdings Inc. has a 52 week low of $45.43 and a 52 week high of $98.37. The firm has a market capitalization of $5.84 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.92 and a beta of 1.17. The firm has a fifty day simple moving average of $85.87 and a 200 day simple moving average of $72.51.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. Generac had a net margin of 11.85% and a return on equity of 36.32%. The firm had revenue of $601.14 million for the quarter, compared to analyst estimates of $583.14 million. During the same period last year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Generac Holdings Inc. will post 4.91 earnings per share for the current fiscal year.

In other Generac news, insider Russell S. Minick sold 10,328 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $73.91, for a total value of $763,342.48. Following the transaction, the insider now directly owns 24,743 shares of the company’s stock, valued at approximately $1,828,755.13. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

A number of research firms recently commented on GNRC. ValuEngine lowered shares of Generac from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America lowered shares of Generac from a “buy” rating to a “neutral” rating and set a $108.00 price target on the stock. in a research report on Friday, November 1st. Canaccord Genuity set a $95.00 price target on shares of Generac and gave the stock a “hold” rating in a research report on Friday, November 1st. Northcoast Research raised their price target on shares of Generac from $93.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $102.00.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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