Private Advisor Group LLC Trims Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Private Advisor Group LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 27.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,898 shares of the technology company’s stock after selling 3,440 shares during the quarter. Private Advisor Group LLC’s holdings in Generac were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GNRC. Resonant Capital Advisors LLC bought a new position in shares of Generac in the first quarter valued at approximately $213,000. Martin Capital Advisors LLP boosted its holdings in Generac by 15.0% in the 1st quarter. Martin Capital Advisors LLP now owns 2,220 shares of the technology company’s stock valued at $280,000 after purchasing an additional 290 shares during the period. Mendel Money Management grew its position in shares of Generac by 263.8% during the 1st quarter. Mendel Money Management now owns 2,608 shares of the technology company’s stock valued at $329,000 after purchasing an additional 4,200 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Generac by 22.8% in the first quarter. Daiwa Securities Group Inc. now owns 2,022 shares of the technology company’s stock worth $255,000 after purchasing an additional 376 shares during the period. Finally, Meridian Management Co. raised its position in shares of Generac by 45.2% in the first quarter. Meridian Management Co. now owns 34,644 shares of the technology company’s stock worth $4,370,000 after buying an additional 10,788 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Truist Financial upped their target price on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird raised their target price on shares of Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their target price on shares of Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Northland Securities increased their price target on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, TD Cowen lifted their price objective on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $165.40.

Generac Trading Up 0.3 %

NYSE:GNRC opened at $165.57 on Friday. The firm has a market capitalization of $10.04 billion, a P/E ratio of 46.29, a P/E/G ratio of 2.15 and a beta of 1.38. Generac Holdings Inc. has a 52 week low of $81.62 and a 52 week high of $176.14. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $156.62 and a 200 day moving average of $147.77.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. The company had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. Generac’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. On average, research analysts predict that Generac Holdings Inc. will post 6.49 earnings per share for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.