American International Group Inc. Reduces Position in Generac Holdings Inc. (GNRC)

American International Group Inc. trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,926 shares of the technology company’s stock after selling 2,094 shares during the period. American International Group Inc. owned about 0.06% of Generac worth $1,787,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GNRC. Schwab Charles Investment Management Inc. raised its stake in shares of Generac by 4.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 473,667 shares of the technology company’s stock valued at $23,456,000 after acquiring an additional 21,343 shares during the last quarter. SG Americas Securities LLC raised its stake in Generac by 44.5% in the fourth quarter. SG Americas Securities LLC now owns 7,901 shares of the technology company’s stock worth $391,000 after buying an additional 2,435 shares in the last quarter. APG Asset Management N.V. bought a new position in Generac in the fourth quarter worth about $883,000. Chicago Equity Partners LLC raised its stake in Generac by 139.0% in the fourth quarter. Chicago Equity Partners LLC now owns 64,310 shares of the technology company’s stock worth $3,185,000 after buying an additional 37,400 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in Generac in the fourth quarter worth about $340,000. 97.89% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $50.40, for a total transaction of $1,008,000.00. Following the sale, the chief executive officer now owns 903,571 shares in the company, valued at $45,539,978.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.00% of the company’s stock.



GNRC traded up $0.80 during midday trading on Thursday, reaching $52.08. The company’s stock had a trading volume of 614,935 shares, compared to its average volume of 459,033. The stock has a market cap of $3.17 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 2.10 and a beta of 1.55. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.04 and a current ratio of 2.10. Generac Holdings Inc. has a 1 year low of $35.18 and a 1 year high of $53.78.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.10. Generac had a net margin of 10.37% and a return on equity of 45.91%. The business had revenue of $397.60 million for the quarter, compared to analysts’ expectations of $390.66 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 20.3% compared to the same quarter last year. equities research analysts predict that Generac Holdings Inc. will post 3.75 EPS for the current year.

A number of equities analysts recently issued reports on the stock. Robert W. Baird downgraded shares of Generac from an “outperform” rating to a “neutral” rating and set a $60.00 price target for the company. in a research note on Thursday, May 24th. Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Friday, May 4th. ValuEngine downgraded shares of Generac from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. SunTrust Banks increased their price target on shares of Generac from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Finally, Canaccord Genuity set a $54.00 price target on shares of Generac and gave the stock a “hold” rating in a research note on Sunday, March 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Generac presently has an average rating of “Hold” and a consensus target price of $52.73.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered 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.

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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