Global Retirement Partners LLC Sells 172 Shares of Generac Holdings Inc. (NYSE:GNRC)

Global Retirement Partners LLC cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,015 shares of the technology company’s stock after selling 172 shares during the quarter. Global Retirement Partners LLC’s holdings in Generac were worth $157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James Trust N.A. lifted its position in Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after purchasing an additional 1,177 shares during the period. Nordea Investment Management AB acquired a new position in shares of Generac in the 4th quarter valued at approximately $5,229,000. Global Financial Private Client LLC bought a new stake in shares of Generac during the 4th quarter worth approximately $614,000. Principal Financial Group Inc. boosted its position in shares of Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after acquiring an additional 3,426 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after acquiring an additional 14,811 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GNRC shares. Robert W. Baird cut their target price on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. TD Cowen raised their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company lowered their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Barclays assumed coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Finally, Truist Financial lowered their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Price Performance

Generac stock opened at $139.15 on Thursday. The stock’s 50 day moving average is $152.17 and its 200 day moving average is $160.56. Generac Holdings Inc. has a one year low of $109.90 and a one year high of $195.94. The firm has a market cap of $8.30 billion, a P/E ratio of 25.77, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly 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 net margin of 7.36% and a return on equity of 18.17%. As a group, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.90% of the company’s stock.

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.