Northwestern Mutual Wealth Management Co. Sells 193 Shares of Generac Holdings Inc. (NYSE:GNRC)

Northwestern Mutual Wealth Management Co. lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 5.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,426 shares of the technology company’s stock after selling 193 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Generac were worth $453,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC lifted its position in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the period. Capital Advisors Ltd. LLC boosted its position in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares in the last quarter. Quarry LP increased its stake in Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after acquiring an additional 202 shares during the period. Fairfield Financial Advisors LTD acquired a new position in Generac in the second quarter worth about $38,000. Finally, ORG Partners LLC bought a new position in Generac during the second quarter worth about $39,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Performance

Shares of Generac stock opened at $171.09 on Wednesday. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $175.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 1.88 and a beta of 1.38. The firm has a fifty day moving average of $149.56 and a two-hundred day moving average of $143.53.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share. As a group, equities research analysts predict that Generac Holdings Inc. will post 6.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GNRC. StockNews.com lowered Generac from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Scotiabank increased their price objective on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Roth Mkm boosted their target price on shares of Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 target price on shares of Generac in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Generac from $129.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Generac has a consensus rating of “Hold” and a consensus target price of $154.71.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.