Generac Holdings Inc. (NYSE:GNRC) Stock Holdings Cut by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,905 shares of the technology company’s stock after selling 185 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Generac were worth $1,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GNRC. Wedbush Securities Inc. grew its holdings in shares of Generac by 21.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,026 shares of the technology company’s stock worth $268,000 after acquiring an additional 356 shares during the last quarter. X Square Capital LLC grew its holdings in shares of Generac by 0.8% in the 2nd quarter. X Square Capital LLC now owns 13,454 shares of the technology company’s stock worth $1,779,000 after acquiring an additional 109 shares during the last quarter. Delta Financial Advisors LLC raised its stake in Generac by 5.8% during the 2nd quarter. Delta Financial Advisors LLC now owns 4,746 shares of the technology company’s stock valued at $628,000 after purchasing an additional 261 shares during the period. Savant Capital LLC lifted its holdings in shares of Generac by 1.0% in the second quarter. Savant Capital LLC now owns 10,772 shares of the technology company’s stock valued at $1,424,000 after purchasing an additional 110 shares in the last quarter. Finally, Fluent Financial LLC acquired a new stake in shares of Generac in the second quarter worth $268,000. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the transaction, the chief executive officer now owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Generac Trading Up 0.2 %

Shares of Generac stock opened at $142.60 on Wednesday. The firm has a 50-day moving average of $149.33 and a 200-day moving average of $137.99. The stock has a market cap of $8.58 billion, a PE ratio of 39.28, a PEG ratio of 1.79 and a beta of 1.38. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $169.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Scotiabank increased their price objective on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Piper Sandler increased their price target on shares of Generac from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Stephens reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Generac in a research report on Monday, August 5th. StockNews.com downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $175.00 target price (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $154.71.

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.