SG Americas Securities LLC Cuts Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

SG Americas Securities LLC lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 80.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,702 shares of the technology company’s stock after selling 7,085 shares during the period. SG Americas Securities LLC’s holdings in Generac were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GNRC. Modus Advisors LLC bought a new stake in shares of Generac during the 4th quarter worth $27,000. Versant Capital Management Inc raised its position in Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new position in Generac in the fourth quarter valued at about $28,000. Brooklyn Investment Group bought a new position in shares of Generac during the 3rd quarter valued at approximately $31,000. Finally, SouthState Corp purchased a new stake in shares of Generac during the 3rd quarter worth approximately $32,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GNRC has been the subject of several research reports. Robert W. Baird reduced their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. TD Cowen increased their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Truist Financial dropped their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Finally, StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.30.

Generac Trading Down 0.2 %

Shares of Generac stock opened at $142.31 on Thursday. The company has a 50 day simple moving average of $161.85 and a two-hundred day simple moving average of $161.10. The firm has a market cap of $8.47 billion, a PE ratio of 29.52, a PEG ratio of 1.51 and a beta of 1.42. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.

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.