Signaturefd LLC Sells 96 Shares of Generac Holdings Inc. (NYSE:GNRC)

Signaturefd LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 14.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 563 shares of the technology company’s stock after selling 96 shares during the quarter. Signaturefd LLC’s holdings in Generac were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNRC. Hedeker Wealth LLC bought a new stake in shares of Generac during the first quarter valued at approximately $4,804,000. Abundance Wealth Counselors grew its holdings in Generac by 8.2% during the first quarter. Abundance Wealth Counselors now owns 5,135 shares of the technology company’s stock worth $648,000 after buying an additional 387 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Generac by 1.3% during the first quarter. Principal Financial Group Inc. now owns 70,142 shares of the technology company’s stock worth $8,848,000 after buying an additional 924 shares in the last quarter. Private Advisor Group LLC grew its holdings in Generac by 2.6% during the first quarter. Private Advisor Group LLC now owns 13,328 shares of the technology company’s stock worth $1,681,000 after buying an additional 344 shares in the last quarter. Finally, Resonant Capital Advisors LLC bought a new stake in Generac during the first quarter worth $213,000. Institutional investors own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE GNRC opened at $165.65 on Tuesday. The firm has a market capitalization of $10.04 billion, a P/E ratio of 45.63, a P/E/G ratio of 2.15 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $155.89 and its two-hundred day simple moving average is $147.20. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $176.14.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The business had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. As a group, equities analysts anticipate that Generac Holdings Inc. will post 6.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GNRC shares. The Goldman Sachs Group upped their price target on Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Roth Mkm upped their price target on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Northland Securities boosted their price objective on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.40.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.80% 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.