Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Generac Holdings Inc. (NYSE:GNRC) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,894 shares of the technology company’s stock after selling 294 shares during the period. Yousif Capital Management LLC’s holdings in Generac were worth $1,224,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Empirical Finance LLC boosted its stake 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 period. Nicollet Investment Management Inc. boosted its position in Generac by 1.1% during the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares during the period. Cornerstone Wealth Management LLC grew its stake in Generac by 6.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after buying an additional 90 shares during the last quarter. Blue Trust Inc. increased its position in Generac by 73.5% in the third 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, Retirement Systems of Alabama lifted its stake in Generac by 0.8% in the third quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock valued at $2,141,000 after buying an additional 105 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup lowered their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company cut their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Piper Sandler cut their target price on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Generac Trading Down 3.8 %

Generac stock opened at $146.68 on Friday. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.44 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 firm’s 50 day moving average price is $157.62 and its two-hundred day moving average price is $160.69. 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 issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. On average, research analysts predict that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

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.