U.S. Capital Wealth Advisors LLC Sells 720 Shares of Generac Holdings Inc. (NYSE:GNRC)

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 34.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,361 shares of the technology company’s stock after selling 720 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Generac were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Modus Advisors LLC bought a new position in shares of Generac in the fourth quarter worth $27,000. Versant Capital Management Inc increased its holdings in shares of 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 purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new position in shares of Generac in the fourth quarter worth $28,000. Brooklyn Investment Group bought a new position in shares of Generac in the third quarter worth $31,000. Finally, SouthState Corp bought a new position in shares of Generac in the third quarter worth $32,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $142.22 on Friday. The company has a 50-day simple moving average of $160.90 and a two-hundred day simple moving average of $160.97. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.51 and a beta of 1.42.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GNRC. JPMorgan Chase & Co. upped their price target on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays began coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Piper Sandler reduced their target price on Generac from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday. Robert W. Baird reduced their target price on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen increased their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.55.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% 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.