As Generac Holdings (GNRC) Market Valuation Rose, Wellington Shields Capital Management Decreased Its Stake by $675,000; As Sysco (SYY) Share Value Rose, Peapack Gladstone Financial Increased by $449.09 Million Its Holding

June 13, 2018 - By Ellis Scott

Sysco Corporation (NYSE:SYY) Logo

Wellington Shields Capital Management Llc decreased its stake in Generac Holdings Inc (GNRC) by 70.42% based on its latest 2018Q1 regulatory filing with the SEC. Wellington Shields Capital Management Llc sold 15,000 shares as the company’s stock rose 6.15% while stock markets declined. The institutional investor held 6,300 shares of the metal fabrications company at the end of 2018Q1, valued at $289,000, down from 21,300 at the end of the previous reported quarter. Wellington Shields Capital Management Llc who had been investing in Generac Holdings Inc for a number of months, seems to be less bullish one the $3.18 billion market cap company. The stock increased 0.35% or $0.18 during the last trading session, reaching $51.32. About 147,061 shares traded. Generac Holdings Inc. (NYSE:GNRC) has risen 41.12% since June 13, 2017 and is uptrending. It has outperformed by 28.55% the S&P500. Some Historical GNRC News: 02/05/2018 – Generac 1Q Net $33.6M; 14/03/2018 – Generac Non-Deal Roadshow Scheduled By SunTrust for Mar. 21; 02/05/2018 – Generac Sees 2018 Core Sales Growth to Be Between 5% and 6%; 02/05/2018 – Generac Raises 2018 Net Sales Outlook to Improve 6%-8% Over the Prior Year; 22/04/2018 – DJ Generac Holdings Inc, Inst Holders, 1Q 2018 (GNRC); 14/05/2018 – Edgepoint Adds Middleby, Exits Microsemi, Cuts Generac: 13F; 08/05/2018 – New CO-SENSE Carbon Monoxide Sensing and Shutdown Technology Improves Safety of Portable Generators; 02/05/2018 – Generac 1Q EBITDA $70.2M; 07/03/2018 Back-to-Back Nor’easters Prove Power Outage Preparedness Tops Homeowners’ Priorities; 02/05/2018 – Generac 1Q Adj EPS 74c

Peapack Gladstone Financial Corp increased its stake in Sysco Corp (SYY) by 3.33% based on its latest 2018Q1 regulatory filing with the SEC. Peapack Gladstone Financial Corp bought 7,490 shares as the company’s stock rose 7.86% while stock markets declined. The institutional investor held 232,485 shares of the food distributors company at the end of 2018Q1, valued at $13.94 billion, up from 224,995 at the end of the previous reported quarter. Peapack Gladstone Financial Corp who had been investing in Sysco Corp for a number of months, seems to be bullish on the $34.48B market cap company. The stock decreased 0.05% or $0.03 during the last trading session, reaching $66.19. About 1.24 million shares traded. Sysco Corporation (NYSE:SYY) has risen 19.79% since June 13, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Investors sentiment decreased to 0.8 in Q1 2018. Its down 0.10, from 0.9 in 2017Q4. It dived, as 57 investors sold SYY shares while 363 reduced holdings. 89 funds opened positions while 245 raised stakes. 408.53 million shares or 2.03% more from 400.42 million shares in 2017Q4 were reported. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma reported 0.24% of its portfolio in Sysco Corporation (NYSE:SYY). Macquarie Gp Limited has 0% invested in Sysco Corporation (NYSE:SYY). Gemmer Asset Management Limited Liability Corp stated it has 0.01% in Sysco Corporation (NYSE:SYY). Gm Advisory Group Inc accumulated 4,259 shares. Fifth Third Bancshares has 209,414 shares for 0.09% of their portfolio. Fmr Ltd Llc holds 4.89M shares. The California-based First Quadrant LP Ca has invested 0.34% in Sysco Corporation (NYSE:SYY). Bnp Paribas Asset Mngmt Sa invested 0.03% in Sysco Corporation (NYSE:SYY). 64 were reported by Country Tru National Bank & Trust. Baystate Wealth Limited Company holds 0.01% of its portfolio in Sysco Corporation (NYSE:SYY) for 1,406 shares. Pacific Mgmt Co owns 129,287 shares for 1.74% of their portfolio. Envestnet Asset has 0.02% invested in Sysco Corporation (NYSE:SYY). Homrich Berg stated it has 12,121 shares or 0.05% of all its holdings. Shell Asset Mngmt owns 193,868 shares for 0.23% of their portfolio. Nexus Invest, Ontario – Canada-based fund reported 10,700 shares.

Since December 13, 2017, it had 0 buys, and 15 sales for $16.97 million activity. Moskowitz Paul T also sold $930,620 worth of Sysco Corporation (NYSE:SYY) shares. The insider Goetz William W sold 11,323 shares worth $702,026. 5,000 Sysco Corporation (NYSE:SYY) shares with value of $299,000 were sold by TILGHMAN RICHARD G. On Wednesday, January 10 the insider Bertrand Greg D sold $4.92 million. Libby Russell T. also sold $809,240 worth of Sysco Corporation (NYSE:SYY) shares.

Among 21 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Sysco Corporation had 60 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, December 7 the stock rating was maintained by Jefferies with “Hold”. The stock of Sysco Corporation (NYSE:SYY) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, May 8. As per Tuesday, November 8, the company rating was upgraded by Bank of America. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, January 23 report. Credit Suisse maintained Sysco Corporation (NYSE:SYY) on Tuesday, May 8 with “Outperform” rating. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, February 6 by Loop Capital. Pivotal Research maintained it with “Hold” rating and $53 target in Tuesday, November 8 report. The stock of Sysco Corporation (NYSE:SYY) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, January 25. Credit Suisse upgraded the shares of SYY in report on Monday, February 6 to “Outperform” rating. The stock of Sysco Corporation (NYSE:SYY) has “Neutral” rating given on Tuesday, August 16 by JP Morgan.

Peapack Gladstone Financial Corp, which manages about $1848.74B US Long portfolio, decreased its stake in Exxonmobil Corp (NYSE:XOM) by 839 shares to 595,097 shares, valued at $44.40 billion in 2018Q1, according to the filing. It also reduced its holding in Financial Select Sector Spdr (XLF) by 5,739 shares in the quarter, leaving it with 36,154 shares, and cut its stake in Vanguard Real Estate Etf (VNQ).

More news for Sysco Corporation (NYSE:SYY) were recently published by: Bizjournals.com, which released: “Houston solar project to bring more than 100 construction jobs” on June 13, 2018. Globenewswire.com‘s article titled: “Sysco Announces Multi-Site Solar Garden Project in Texas” and published on June 06, 2018 is yet another important article.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.34, from 1.11 in 2017Q4. It dropped, as 21 investors sold GNRC shares while 94 reduced holdings. 31 funds opened positions while 57 raised stakes. 59.49 million shares or 1.98% less from 60.69 million shares in 2017Q4 were reported. Schwab Charles Inv invested in 0.02% or 565,920 shares. Alps Advsr Inc has invested 0% in Generac Holdings Inc. (NYSE:GNRC). Wells Fargo & Mn accumulated 247,117 shares. Royal Bancorp Of Canada stated it has 0.01% in Generac Holdings Inc. (NYSE:GNRC). Cortina Asset Management Lc holds 0.21% or 91,028 shares. Voya Invest Management Limited Co reported 26,187 shares stake. Smith Asset Mngmt Group Limited Partnership holds 0.08% of its portfolio in Generac Holdings Inc. (NYSE:GNRC) for 50,106 shares. Alliancebernstein LP holds 241,310 shares. Investec Asset Management owns 1.32M shares for 0.32% of their portfolio. Northwest Investment Counselors Limited Liability Company accumulated 17,848 shares. Fmr Lc owns 4.01M shares or 0.02% of their US portfolio. Convergence Inv Partners Ltd Liability Corporation has 0.42% invested in Generac Holdings Inc. (NYSE:GNRC). Massachusetts-based Putnam Invs Ltd Com has invested 0% in Generac Holdings Inc. (NYSE:GNRC). California State Teachers Retirement reported 0.01% in Generac Holdings Inc. (NYSE:GNRC). Westwood Holdings Group Inc holds 0.02% or 51,002 shares.

Analysts await Generac Holdings Inc. (NYSE:GNRC) to report earnings on August, 1. They expect $0.91 earnings per share, up 31.88% or $0.22 from last year’s $0.69 per share. GNRC’s profit will be $56.37M for 14.10 P/E if the $0.91 EPS becomes a reality. After $0.74 actual earnings per share reported by Generac Holdings Inc. for the previous quarter, Wall Street now forecasts 22.97% EPS growth.

Among 10 analysts covering Generac Holdings (NYSE:GNRC), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Generac Holdings had 33 analyst reports since August 7, 2015 according to SRatingsIntel. The company was upgraded on Thursday, October 29 by Bank of America. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Buy” rating by KeyBanc Capital Markets on Thursday, October 19. Robert W. Baird downgraded Generac Holdings Inc. (NYSE:GNRC) on Thursday, May 24 to “Hold” rating. Bank of America upgraded it to “Buy” rating and $40 target in Monday, March 14 report. The firm earned “Hold” rating on Friday, September 8 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, September 15 by Bank of America. The stock of Generac Holdings Inc. (NYSE:GNRC) has “Hold” rating given on Thursday, October 12 by SunTrust. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, February 15. Canaccord Genuity maintained the stock with “Hold” rating in Monday, April 24 report. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, October 26 report.

Since January 2, 2018, it had 0 buys, and 6 insider sales for $5.63 million activity.

Wellington Shields Capital Management Llc, which manages about $901.02 million and $661.54M US Long portfolio, upped its stake in Lowes Companies (NYSE:LOW) by 5,300 shares to 11,200 shares, valued at $983,000 in 2018Q1, according to the filing. It also increased its holding in Cisco Systems (NASDAQ:CSCO) by 55,075 shares in the quarter, for a total of 78,625 shares, and has risen its stake in Amc Networks Inc (A) (NASDAQ:AMCX).

More news for Generac Holdings Inc. (NYSE:GNRC) were recently published by: Prnewswire.com, which released: “Generac Power Systems to Hire Nearly 300 Employees” on June 12, 2018. Globenewswire.com‘s article titled: “Generac Closes on the Acquisition of Selmec” and published on June 04, 2018 is yet another important article.

Generac Holdings Inc. (NYSE:GNRC) Institutional Positions Chart

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