Private Advisor Group LLC Cuts Stake in Generac Holdings Inc. (NYSE:GNRC)

Private Advisor Group LLC cut its position in Generac Holdings Inc. (NYSE:GNRC) by 27.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,898 shares of the technology company’s stock after selling 3,440 shares during the period. Private Advisor Group LLC’s holdings in Generac were worth $1,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC lifted its holdings in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Sunbelt Securities Inc. lifted 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 valued at $27,000 after purchasing an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after purchasing an additional 97 shares in the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Generac during the second quarter valued at $38,000. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GNRC shares. Stephens reaffirmed an “overweight” rating and set a $200.00 price target on shares of Generac in a report on Monday, August 5th. TD Cowen increased their target price on Generac from $144.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company increased their target price on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 target price (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Finally, Truist Financial increased their target price on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus target price of $165.40.

Generac Stock Performance

NYSE:GNRC opened at $165.57 on Friday. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 12-month low of $81.62 and a 12-month high of $176.14. The stock has a 50-day moving average price of $156.62 and a 200 day moving average price of $147.77. The stock has a market capitalization of $10.04 billion, a P/E ratio of 46.29, a P/E/G ratio of 2.15 and a beta of 1.38.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business posted $1.08 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Equities research analysts forecast that Generac Holdings Inc. will post 6.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by company insiders.

Generac 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.