Atria Investments Inc Lowers Position in Generac Holdings Inc. (NYSE:GNRC)

Atria Investments Inc lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 54.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,375 shares of the technology company’s stock after selling 2,887 shares during the quarter. Atria Investments Inc’s holdings in Generac were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Sunbelt Securities Inc. increased its position in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. EntryPoint Capital LLC increased its position in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Blue Trust Inc. increased its position in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in Generac by 611.1% during the second 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 during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in Generac during the second quarter valued at $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at $92,825,688.20. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. The trade was a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,584,853 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on GNRC. Canaccord Genuity Group boosted their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Roth Mkm boosted their price objective on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Citigroup boosted their target price on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus target price of $174.05.

Generac Stock Performance

GNRC stock opened at $183.57 on Friday. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 2.20 and a beta of 1.37. The firm has a 50-day simple moving average of $166.29 and a two-hundred day simple moving average of $152.86. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $1.64 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

About Generac

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.