Janney Montgomery Scott LLC Sells 1,335 Shares of Generac Holdings Inc. (NYSE:GNRC)

Janney Montgomery Scott LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,523 shares of the technology company’s stock after selling 1,335 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Generac worth $7,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GNRC. Empirical Finance LLC boosted its holdings in Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after acquiring an additional 66 shares during the last quarter. Nicollet Investment Management Inc. lifted its holdings in Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after acquiring an additional 82 shares in the last quarter. Mather Group LLC. raised its position in shares of Generac by 6.5% during the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after purchasing an additional 93 shares during the period. Blue Trust Inc. raised its holdings in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Institutional investors own 84.04% of the company’s stock.

Generac Stock Down 4.1 %

Shares of GNRC opened at $148.97 on Wednesday. The stock’s 50-day moving average price is $166.83 and its two-hundred day moving average price is $161.58. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a market capitalization of $8.86 billion, a PE ratio of 30.91, a PEG ratio of 1.60 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 EPS. On average, analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GNRC shares. Piper Sandler upped their price target on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Truist Financial decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Roth Mkm boosted their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird lowered their target price on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.

Insiders Place Their Bets

In other news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,268 shares of company stock worth $7,577,703. Corporate insiders own 2.90% 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.